Johnson & Johnson (JNJ)
Cash conversion cycle
| Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 175.53 | 168.36 | 163.17 | 165.34 | 169.49 | 165.83 | 157.52 | 153.70 | 148.52 | 163.79 | 154.92 | 120.55 | 136.24 | 135.88 | 132.00 | 126.99 | 127.59 | 125.24 | 127.78 | 119.98 |
| Days of sales outstanding (DSO) | days | 69.76 | 71.87 | 65.46 | 77.78 | 67.32 | 66.59 | 63.69 | 83.09 | 61.75 | 68.11 | 64.58 | 65.03 | 60.39 | 61.63 | 59.99 | 73.89 | 59.52 | 60.86 | 64.74 | 60.00 |
| Number of days of payables | days | 119.43 | 118.80 | 123.03 | 137.00 | 120.42 | 120.58 | 113.11 | 132.40 | 110.81 | 132.71 | 119.85 | 116.10 | 118.48 | 116.02 | 111.81 | 135.16 | 110.07 | 107.93 | 109.17 | 122.04 |
| Cash conversion cycle | days | 125.85 | 121.44 | 105.60 | 106.12 | 116.39 | 111.84 | 108.10 | 104.39 | 99.46 | 99.18 | 99.65 | 69.48 | 78.15 | 81.49 | 80.18 | 65.72 | 77.03 | 78.17 | 83.35 | 57.94 |
September 30, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 175.53 + 69.76 – 119.43
= 125.85