IPG Photonics Corporation (IPGP)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 162.67 | 222.15 | 212.69 | 219.99 | 201.33 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 162.67 | 222.15 | 212.69 | 219.99 | 201.33 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 162.67 + — – —
= 162.67
The cash conversion cycle of IPG Photonics Corporation has shown some fluctuations over the years. From December 31, 2020, to December 31, 2022, there was an increase in the number of days required to convert resources into cash, reaching a peak of 222.15 days by December 31, 2023. However, there was a notable improvement by December 31, 2024, with the cash conversion cycle decreasing to 162.67 days. Overall, the trend indicates that IPG Photonics Corporation has been managing its cash conversion cycle more efficiently in recent years, which is a positive sign for the company's liquidity and operational effectiveness.
Peer comparison
Dec 31, 2024