Portland General Electric Co (POR)
Cash conversion cycle
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 96.59 | 82.17 | 69.27 | 72.60 | 95.74 |
| Days of sales outstanding (DSO) | days | 68.93 | 72.94 | 67.94 | 62.62 | 28.71 |
| Number of days of payables | days | — | 395.27 | 216.69 | 154.27 | 164.55 |
| Cash conversion cycle | days | 165.52 | -240.16 | -79.48 | -19.05 | -40.10 |
December 31, 2023 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 96.59 + 68.93 – —
= 165.52
The cash conversion cycle of Portland General Electric Co has fluctuated significantly over the past five years. It experienced a negative cycle in both 2023 and 2021, indicating that it is able to convert its inventory into cash quickly while delaying payment to suppliers. In contrast, the company had a notably extended cycle in 2022, reflecting a delay in either collecting receivables or managing inventory efficiently. The positive cycle in 2020 suggests that the company took longer to convert its investments in inventory into cash. Overall, the company has shown variability in its cash conversion efficiency over the years, highlighting the importance of closely monitoring working capital management practices.
Peer comparison
Dec 31, 2023