Par Pacific Holdings Inc (PARR)
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 | 52.94 | 49.50 | 55.95 | 52.66 | 61.86 | 66.61 | 73.28 | 52.89 | 58.73 | 55.14 | 76.87 | 76.59 | 65.08 | 58.13 | 65.55 | 77.78 | 51.65 | 50.76 | 36.91 | 23.14 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 52.94 | 49.50 | 55.95 | 52.66 | 61.86 | 66.61 | 73.28 | 52.89 | 58.73 | 55.14 | 76.87 | 76.59 | 65.08 | 58.13 | 65.55 | 77.78 | 51.65 | 50.76 | 36.91 | 23.14 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 52.94 + — – —
= 52.94
The cash conversion cycle of Par Pacific Holdings Inc has shown fluctuations over the analyzed periods. It started at 23.14 days on March 31, 2020, increased to 77.78 days by March 31, 2021, indicating a worsening efficiency in converting investments in cash. Subsequently, there was a decrease to 52.66 days by March 31, 2024.
Overall, the company's cash conversion cycle has been volatile, with peaks and troughs observed throughout the timeline. The highest cycle observed was 77.78 days, indicating a longer duration for the company to convert its investments in cash. Conversely, the lowest cycle observed was 23.14 days, showing a more efficient operation in converting investments into cash.
These fluctuations in the cash conversion cycle may be influenced by various factors such as changes in inventory management, accounts receivable collection periods, and accounts payable payment terms. It is essential for the company to monitor and manage its cash conversion cycle effectively to optimize cash flow and working capital management.
Peer comparison
Dec 31, 2024