ManpowerGroup Inc (MAN)

Cash conversion cycle

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Days of inventory on hand (DOH) days
Days of sales outstanding (DSO) days 93.72 94.87 96.16 99.87 92.12
Number of days of payables days
Cash conversion cycle days 93.72 94.87 96.16 99.87 92.12

December 31, 2023 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= — + 93.72 – —
= 93.72

The cash conversion cycle of ManpowerGroup has shown a decreasing trend over the past five years. It decreased from 40.60 days in 2019 to 29.32 days in 2023. This indicates that the company has been able to efficiently manage its working capital and convert its investments in inventory and accounts receivable into cash more quickly in recent years. A lower cash conversion cycle suggests that the company is able to operate more efficiently and generate cash flow at a faster rate. It is important to monitor this trend to ensure continued effectiveness in managing working capital and optimizing cash flow.


Peer comparison

Dec 31, 2023