Minerals Technologies Inc (MTX)
Cash conversion cycle
| 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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 79.49 | 78.82 | 75.50 | 72.73 | 71.43 | 73.61 | 76.95 | 80.00 | 76.67 | 77.56 | 79.64 | 82.97 | 77.12 | 75.63 | 74.02 | 74.02 | 76.17 | 77.53 | 78.81 | 69.00 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 79.49 | 78.82 | 75.50 | 72.73 | 71.43 | 73.61 | 76.95 | 80.00 | 76.67 | 77.56 | 79.64 | 82.97 | 77.12 | 75.63 | 74.02 | 74.02 | 76.17 | 77.53 | 78.81 | 69.00 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 79.49 + — – —
= 79.49
The cash conversion cycle of Minerals Technologies Inc has shown fluctuation over the past few years. The cycle represents the number of days it takes for the company to convert its investments in inventory into cash flows from sales.
From March 31, 2020, to March 31, 2021, the cash conversion cycle decreased from 69.00 days to 74.02 days, indicating an increase in the time taken to convert inventory into cash during this period. Subsequently, the cycle remained relatively stable until June 30, 2022, when it decreased to 79.64 days.
However, there was an uptick in the cycle to 82.97 days by March 31, 2022, followed by a decline to 73.61 days by September 30, 2023. The cycle further decreased to 71.43 days by December 31, 2023, and remained relatively stable until June 30, 2024, with a slight increase to 79.49 days by December 31, 2024.
Overall, the cash conversion cycle of Minerals Technologies Inc has shown fluctuations, with some periods of increase followed by periods of decrease. Monitoring and managing this cycle is crucial for the company to optimize its cash flows and working capital efficiency.
Peer comparison
Dec 31, 2024