3M Company (MMM)
Cash conversion cycle
| Dec 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 88.61 | 96.38 | 101.91 | 97.35 | 93.12 | 95.51 | 90.56 | 102.90 | 77.91 | 100.56 | 103.99 | 101.83 | 101.95 | 105.94 | 105.83 | 101.11 | 96.81 | 97.74 | 98.54 | 95.60 |
| Days of sales outstanding (DSO) | days | 51.69 | 55.53 | 55.78 | 52.13 | 48.60 | 48.45 | 45.63 | 56.54 | 41.44 | 54.08 | 54.63 | 50.64 | 49.43 | 49.58 | 51.12 | 49.74 | 49.24 | 50.79 | 52.45 | 53.34 |
| Number of days of payables | days | 65.40 | 67.71 | 70.99 | 69.35 | 66.98 | 63.59 | 62.74 | 70.85 | 54.84 | 61.63 | 63.64 | 60.07 | 60.41 | 57.79 | 61.36 | 60.48 | 58.14 | 56.51 | 59.65 | 57.26 |
| Cash conversion cycle | days | 74.90 | 84.20 | 86.70 | 80.14 | 74.74 | 80.37 | 73.45 | 88.58 | 64.51 | 93.01 | 94.98 | 92.40 | 90.97 | 97.73 | 95.59 | 90.38 | 87.91 | 92.02 | 91.34 | 91.69 |
December 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 88.61 + 51.69 – 65.40
= 74.90
Peer comparison
Dec 31, 2025
Company name
Symbol
Cash conversion cycle
3M Company
MMM
74.90
Deluxe Corporation
DLX
0.00
Honeywell International Inc
HON
66.76
Matthews International Corporation
MATW
107.17