Performance Food Group Co (PFGC)
Cash conversion cycle
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 25.39 | 23.40 | 24.26 | 27.42 | 24.98 |
| Days of sales outstanding (DSO) | days | 16.34 | 15.97 | 15.56 | 16.79 | 19.57 |
| Number of days of payables | days | 20.67 | 18.31 | 17.56 | 20.47 | 24.13 |
| Cash conversion cycle | days | 21.05 | 21.06 | 22.26 | 23.74 | 20.42 |
June 30, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 25.39 + 16.34 – 20.67
= 21.05
The cash conversion cycle (CCC) of Performance Food Group Co exhibits a relatively stable pattern over the period from June 30, 2021, to June 30, 2025. Starting at 20.42 days in 2021, the CCC increased notably in 2022 to reach 23.74 days, reflecting a longer duration to convert investments in inventory and receivables into cash. Subsequently, the cycle decreased slightly to 22.26 days in 2023, and further stabilized around 21.06 days in 2024 and 21.05 days in 2025.
Throughout this period, the CCC remains within a narrow range of approximately 20 to 24 days, indicating that the company's combined processes of managing inventory, receivables, and payables have maintained relatively consistent efficiency. The fluctuations observed may reflect operational adjustments, strategic shifts in payment or collection practices, or seasonal variations, but overall, the company demonstrates a relatively stable cash conversion cycle with no significant upward or downward trends over these years. This stability suggests efficient working capital management, with the company's operational cycle effectively balancing liquidity and operational needs.
Peer comparison
Jun 30, 2025