John Bean Technologies Corporation (JBT)

Cash conversion cycle

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Days of inventory on hand (DOH)	days	142.11	166.49	172.19	252.44	193.07	265.48	234.59	219.45	187.96	187.40	176.83	178.00	177.73	121.80	92.78	74.83	66.36	71.45	70.21	60.48
Days of sales outstanding (DSO)	days	42.57	35.67	37.03	47.23	50.38	49.28	49.38	45.38	47.08	45.20	45.07	43.89	49.88	44.62	43.36	47.44	54.20	51.69	51.76	43.05
Number of days of payables	days	80.07	89.08	99.74	154.45	124.76	169.18	175.00	169.20	152.60	157.73	154.13	136.43	126.74	84.26	60.91	50.22	53.79	50.55	50.99	41.35
Cash conversion cycle	days	104.61	113.07	109.48	145.23	118.69	145.58	108.97	95.63	82.44	74.87	67.77	85.46	100.86	82.15	75.23	72.04	66.76	72.59	70.99	62.18

December 31, 2023 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= 142.11 + 42.57 – 80.07
= 104.61

The cash conversion cycle of John Bean Technologies Corp fluctuated over the past eight quarters, ranging from 61.47 days to 82.31 days. Initially starting at 62.15 days in Q1 2022, the cycle decreased to its lowest point of 61.47 days in Q2 2023 before increasing again in the subsequent quarters. The company experienced its longest cash conversion cycle in Q4 2023 at 82.31 days. Overall, John Bean Technologies Corp should monitor its cash conversion cycle closely to ensure efficient management of cash flow and working capital.

Peer comparison

Dec 31, 2023

Company name

Symbol

Cash conversion cycle

John Bean Technologies Corporation

JBT

104.61