Liveramp Holdings Inc (RAMP)
Cash conversion cycle
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | 5.30 | — | — | 22.56 |
| Days of sales outstanding (DSO) | days | — | 110.02 | 113.97 | 123.38 | 155.74 |
| Number of days of payables | days | — | 165.13 | 185.77 | 205.98 | 101.27 |
| Cash conversion cycle | days | 0.00 | -49.82 | -71.81 | -82.60 | 77.03 |
March 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle of Liveramp Holdings Inc has shown significant improvement over the years, indicating more efficient management of working capital. As of March 31, 2021, the company's cash conversion cycle was 77.03 days, which means it took approximately 77 days for Liveramp to convert its investments in inventory and receivables into cash.
Subsequently, the cash conversion cycle improved dramatically, reaching negative figures in the following years. By March 31, 2022, the cycle had decreased to -82.60 days, indicating that Liveramp was able to convert its investments into cash at a faster rate than before. This trend continued with further reductions in the cash conversion cycle to -71.81 days by March 31, 2023, -49.82 days by March 31, 2024, and eventually reaching 0.00 days by March 31, 2025.
The negative values in the more recent years suggest that Liveramp is efficiently managing its cash flow, inventory, and receivables, resulting in a shorter cash conversion cycle and faster cash generation. This improvement is a positive indicator of the company's operational efficiency and ability to convert its assets into cash promptly.
Peer comparison
Mar 31, 2025