Integer Holdings Corp (ITGR)
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 | 70.14 | 77.12 | 80.13 | 79.25 | 74.25 | 73.69 | 75.50 | 76.87 | 74.92 | 78.89 | 75.39 | 69.70 | 64.28 | 64.18 | 67.20 | 73.68 | 69.19 | 68.03 | 72.04 | 68.40 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 70.14 | 77.12 | 80.13 | 79.25 | 74.25 | 73.69 | 75.50 | 76.87 | 74.92 | 78.89 | 75.39 | 69.70 | 64.28 | 64.18 | 67.20 | 73.68 | 69.19 | 68.03 | 72.04 | 68.40 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 70.14 + — – —
= 70.14
The cash conversion cycle of Integer Holdings Corp has fluctuated over the past several periods. It is a measure of how long it takes for the company to convert its investment in inventory into cash flows from sales.
From March 31, 2020, to December 31, 2021, the cash conversion cycle ranged from 64.18 days to 73.68 days, showing some variability in the efficiency of managing cash flows within the operating cycle. The company's ability to efficiently manage its inventory, accounts receivable, and accounts payable impacted this metric.
However, from June 30, 2022, to December 31, 2024, the cash conversion cycle increased consistently from 75.39 days to 70.14 days, indicating a potential elongation in the company's cash conversion process. This lengthening cycle may suggest challenges in managing working capital effectively or delays in collecting receivables.
Overall, monitoring the cash conversion cycle is crucial for Integer Holdings Corp to assess its operational liquidity, working capital efficiency, and potential cash flow constraints. The company may need to investigate the underlying factors contributing to these fluctuations and take appropriate actions to optimize its cash conversion cycle in the future.
Peer comparison
Dec 31, 2024