Quidel Corporation (QDEL)
Cash conversion cycle
| Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|
| Days of inventory on hand (DOH) | days | 79.98 | 85.37 |
| Days of sales outstanding (DSO) | days | 53.84 | 55.04 |
| Number of days of payables | days | 40.81 | 46.14 |
| Cash conversion cycle | days | 93.01 | 94.26 |
December 31, 2023 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 79.98 + 53.84 – 40.81
= 93.01
Peer comparison
Dec 31, 2023
Company name
Symbol
Cash conversion cycle
Quidel Corporation
QDEL
93.01
IDEXX Laboratories Inc
IDXX
114.21
Lantheus Holdings Inc
LNTH
89.32
Myriad Genetics Inc
MYGN
54.11
Neogen Corporation
NEOG
59.55