Penumbra Inc (PEN)
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 | 333.92 | 328.23 | 317.31 | 377.13 | 376.79 | 378.41 | 378.36 | 385.47 | 390.84 | 379.95 | 360.53 | 344.33 | 353.33 | 354.15 | 363.29 | 387.99 | 360.55 | 355.28 | 371.69 | 336.49 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 333.92 | 328.23 | 317.31 | 377.13 | 376.79 | 378.41 | 378.36 | 385.47 | 390.84 | 379.95 | 360.53 | 344.33 | 353.33 | 354.15 | 363.29 | 387.99 | 360.55 | 355.28 | 371.69 | 336.49 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 333.92 + — – —
= 333.92
The cash conversion cycle of Penumbra Inc has fluctuated over the years based on the data provided. Generally, a longer cash conversion cycle indicates that the company is taking longer to convert its investments in inventory and other resources into cash inflows from sales.
From March 31, 2020, to December 31, 2024, the cash conversion cycle fluctuated between a high of 390.84 days and a low of 317.31 days. There were periods where the cycle increased, suggesting inefficiencies in managing working capital, while other periods showed improvements.
It is essential for Penumbra Inc to monitor and manage its cash conversion cycle effectively to ensure the company is efficiently utilizing its resources and maximizing cash flows. By analyzing the trends in the cash conversion cycle over time, the company can identify areas for improvement and implement strategic measures to optimize working capital management.
Peer comparison
Dec 31, 2024