MSA Safety (MSA)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 114.31 | 114.16 | 144.58 | 130.51 | 95.28 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 114.31 | 114.16 | 144.58 | 130.51 | 95.28 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 114.31 + — – —
= 114.31
The cash conversion cycle for MSA Safety has exhibited some fluctuations over the past five years. In December 2020, the company had a cash conversion cycle of 95.28 days, which increased to 130.51 days by the end of December 2021. Subsequently, the cash conversion cycle continued to rise, reaching 144.58 days by December 31, 2022.
However, there was a notable improvement in the cash conversion cycle in December 2023, decreasing to 114.16 days. This improvement was sustained as the cash conversion cycle remained relatively stable at 114.31 days by the end of December 2024.
Overall, the cash conversion cycle for MSA Safety has displayed variability in the recent years, with efforts to manage and optimize working capital evident in the fluctuations observed. The company may be focusing on strategies to enhance efficiency in managing its cash flow, inventory, and receivables, as reflected in the changes in the cash conversion cycle over the period analyzed.
Peer comparison
Dec 31, 2024