IQVIA Holdings Inc (IQV)

Cash conversion cycle

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Days of inventory on hand (DOH)	days	—	5.44	—	—	—	5.05	5.15	4.79	4.43	5.14	5.53	4.77	4.62	4.94	5.58	5.28	5.53	5.92	5.25	7.47
Days of sales outstanding (DSO)	days	76.75	77.96	81.25	87.03	86.25	82.68	81.00	79.67	76.03	69.20	71.02	69.95	69.13	64.30	65.86	73.84	79.73	82.89	81.84	89.02
Number of days of payables	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Cash conversion cycle	days	76.75	83.40	81.25	87.03	86.25	87.73	86.15	84.46	80.46	74.34	76.54	74.72	73.74	69.24	71.43	79.12	85.26	88.81	87.09	96.49

December 31, 2024 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= — + 76.75 – —
= 76.75

The cash conversion cycle of IQVIA Holdings Inc has shown fluctuations over the periods provided. The company's ability to convert its resources into cash has varied throughout these periods.

The cash conversion cycle decreased from 96.49 days on March 31, 2020, to 71.43 days on June 30, 2021, indicating an improvement in efficiency in converting its investments into cash. Subsequently, there was a slight increase in the cycle to 87.03 days on March 31, 2024, showing a temporary slowdown in this conversion process.

Overall, the cash conversion cycle of IQVIA Holdings Inc has not shown a consistent trend, suggesting that the company's management of inventory, accounts receivable, and accounts payable may need periodic evaluation and strategic adjustments to optimize operational efficiency and cash flow management.