Matthews International Corporation (MATW)

Cash conversion cycle

Sep 30, 2025 Sep 30, 2024 Sep 30, 2023 Sep 30, 2022 Sep 30, 2021
Days of inventory on hand (DOH) days 74.77 68.58 72.93 66.35 61.12
Days of sales outstanding (DSO) days 32.40 60.76 54.76 45.77 67.67
Number of days of payables days 31.24 32.02 35.72 36.44
Cash conversion cycle days 107.17 98.11 95.67 76.41 92.36

September 30, 2025 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= 74.77 + 32.40 – —
= 107.17