NorthWestern Corporation (NWE)

Cash conversion cycle

Dec 31, 2024 Dec 31, 2023
Days of inventory on hand (DOH) days 321.96 350.55
Days of sales outstanding (DSO) days 68.22 81.45
Number of days of payables days 292.77 380.55
Cash conversion cycle days 97.41 51.45

December 31, 2024 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= 321.96 + 68.22 – 292.77
= 97.41