Netflix Inc (NFLX)
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 | — | — | — | — | 7.76 | — | — | 7.57 | 8.89 | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 14.04 | 13.83 | 13.16 | 18.61 | 11.82 | 12.83 | 12.84 | 19.94 | 12.71 | 13.84 | 11.73 | 18.32 | 10.15 | 9.00 | 9.90 | 9.89 | 9.97 | 10.26 | 11.16 | 8.92 |
| Number of days of payables | days | 12.66 | 10.75 | 10.52 | 15.61 | 11.39 | 10.72 | 11.15 | 13.84 | 9.85 | 11.42 | 10.98 | 12.79 | 10.76 | 9.99 | 12.69 | 17.64 | 14.44 | 14.28 | 12.51 | 15.68 |
| Cash conversion cycle | days | 1.38 | 3.08 | 2.64 | 3.00 | 8.20 | 2.12 | 1.69 | 13.67 | 11.75 | 2.42 | 0.76 | 5.53 | -0.61 | -0.99 | -2.79 | -7.75 | -4.46 | -4.02 | -1.35 | -6.76 |
September 30, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + 14.04 – 12.66
= 1.38
Peer comparison
Sep 30, 2025
Company name
Symbol
Cash conversion cycle
Netflix Inc
NFLX
1.38
Walt Disney Company
DIS
-67.35
Warner Music Group
WMG
53.33