Matthews International Corporation (MATW)
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 | 74.77 | 68.83 | 63.22 | 71.60 | 68.21 | 71.29 | 70.54 | 71.81 | 72.93 | 76.25 | 74.15 | 72.08 | 66.35 | 62.71 | 60.34 | 59.87 | 61.12 | 65.12 | 65.55 | 64.23 |
| Days of sales outstanding (DSO) | days | 32.40 | 53.21 | 49.41 | 60.13 | 60.76 | 57.48 | 55.25 | 57.31 | 54.76 | 45.95 | 49.79 | 45.62 | 45.77 | 43.43 | 46.55 | 66.52 | 67.67 | 66.38 | 68.38 | 73.34 |
| Number of days of payables | days | — | 32.08 | 33.20 | 30.21 | 31.07 | 32.58 | 29.84 | 27.11 | 32.02 | 31.72 | 34.35 | 29.73 | 35.72 | 30.78 | 34.42 | 34.80 | 36.44 | 33.98 | 31.39 | 26.60 |
| Cash conversion cycle | days | 107.17 | 89.96 | 79.42 | 101.53 | 97.90 | 96.19 | 95.96 | 102.01 | 95.67 | 90.49 | 89.59 | 87.97 | 76.41 | 75.36 | 72.47 | 91.60 | 92.36 | 97.52 | 102.54 | 110.96 |
September 30, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 74.77 + 32.40 – —
= 107.17