Gartner Inc (IT)
Cash conversion cycle
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | 34.38 | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 98.92 | 80.26 | 96.35 | 97.50 | 69.67 | 78.84 | 96.63 | 103.86 | 73.35 | 85.00 | 100.35 | 106.47 | 78.64 | 93.76 | 104.76 | 113.43 | 85.14 | 92.71 | 99.08 | 116.04 |
| Number of days of payables | days | 3.06 | — | — | 4.84 | — | — | — | 6.94 | — | — | — | 6.63 | — | — | — | 3.96 | — | — | — | 3.15 |
| Cash conversion cycle | days | 95.86 | 80.26 | 96.35 | 92.66 | 69.67 | 78.84 | 96.63 | 131.30 | 73.35 | 85.00 | 100.35 | 99.83 | 78.64 | 93.76 | 104.76 | 109.47 | 85.14 | 92.71 | 99.08 | 112.89 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + 98.92 – 3.06
= 95.86
Gartner Inc's cash conversion cycle has shown fluctuating trends over the reported periods. The cash conversion cycle decreased from 112.89 days as of December 31, 2019, to 69.67 days as of September 30, 2023, indicating a more efficient management of working capital during this time frame. However, there was a slight increase to 92.66 days by December 31, 2023.
Subsequently, the cash conversion cycle increased to 96.35 days by March 31, 2024, and then decreased to 80.26 days by September 30, 2024, suggesting potential challenges in managing operating cash flows efficiently during these periods.
Overall, Gartner Inc's cash conversion cycle appears to be relatively volatile, with fluctuations occurring within the range of approximately 69.67 to 131.30 days over the reported periods. It is important for the company to closely monitor and manage its cash conversion cycle to optimize working capital and enhance liquidity positions.
Peer comparison
Dec 31, 2024