LeMaitre Vascular Inc (LMAT)
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 | 289.90 | 337.05 | 298.13 | 290.18 | 281.22 | 312.07 | 311.49 | 330.75 | 323.30 | 314.33 | 313.49 | 312.19 | 317.26 | 307.35 | 309.06 | 351.79 | 367.99 | 397.91 | 456.08 | 385.40 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 289.90 | 337.05 | 298.13 | 290.18 | 281.22 | 312.07 | 311.49 | 330.75 | 323.30 | 314.33 | 313.49 | 312.19 | 317.26 | 307.35 | 309.06 | 351.79 | 367.99 | 397.91 | 456.08 | 385.40 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 289.90 + — – —
= 289.90
The cash conversion cycle of LeMaitre Vascular Inc has displayed fluctuations over the observation period. It measures the time it takes for the company to convert its investments in inventory and other resources into cash flows from sales. A shorter cash conversion cycle indicates improved efficiency in managing working capital.
From March 2020 to December 2020, the company's cash conversion cycle initially increased but then started declining. Subsequently, from March 2021 to June 2022, the cycle continued to decrease steadily from 351.79 days to 313.49 days, reflecting a more efficient conversion of resources to cash. However, in the following quarters, there were fluctuations, with slight increases and decreases in the cycle length but generally staying around the 310-330 day range.
The most notable improvement occurred between December 2023 and December 2024, where there was a sharp decrease from 281.22 days to 289.90 days. This indicates that the company became more efficient in managing its working capital during this period.
Overall, while there have been some fluctuations, the trend in recent periods suggests that LeMaitre Vascular Inc has been working towards optimizing its cash conversion cycle and improving its working capital management.
Peer comparison
Dec 31, 2024