Liveramp Holdings Inc (RAMP)
Cash conversion cycle
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | 5.30 | 50.52 | — | 34.02 | — | — | 27.84 | 31.16 | — | 60.91 | 50.19 | 53.90 | 22.56 | 31.23 | 37.51 | 60.80 |
| Days of sales outstanding (DSO) | days | 91.14 | 108.79 | 99.13 | 111.52 | 110.02 | 115.00 | 102.65 | 103.84 | 113.97 | 124.11 | 119.83 | 121.40 | 123.38 | 158.31 | 146.70 | 145.69 | 155.74 | 138.99 | 125.74 | 125.11 |
| Number of days of payables | days | 189.80 | 186.90 | 170.63 | 166.69 | 165.13 | 184.95 | 166.83 | 154.78 | 185.77 | 184.46 | 159.05 | 158.21 | 205.98 | 179.74 | 112.18 | 81.78 | 101.27 | 113.26 | 96.46 | 92.93 |
| Cash conversion cycle | days | -98.66 | -78.11 | -71.50 | -55.17 | -49.82 | -19.43 | -64.18 | -16.92 | -71.81 | -60.36 | -11.38 | -5.65 | -82.60 | 39.48 | 84.71 | 117.81 | 77.03 | 56.96 | 66.79 | 92.98 |
March 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + 91.14 – 189.80
= -98.66
The cash conversion cycle of Liveramp Holdings Inc has shown significant fluctuations over the periods provided. Starting at 92.98 days as of June 30, 2020, the company managed to reduce its cycle to 39.48 days by December 31, 2021, indicating an improvement in its working capital management efficiency. However, the cash conversion cycle increased sharply to 117.81 days by June 30, 2021, potentially signaling challenges in managing the company's cash flows and operations efficiently.
Remarkably, from March 31, 2022, to March 31, 2025, Liveramp Holdings Inc displayed negative cash conversion cycles, with values ranging from -82.60 days to -98.66 days. A negative cash conversion cycle implies that the company is operating in a way where it receives cash from customers before paying its suppliers, potentially indicating strong bargaining power with suppliers or efficient inventory management.
These negative values suggest that Liveramp Holdings Inc has improved its working capital efficiency significantly, as it is able to operate with a negative cash conversion cycle, effectively utilizing the cash in hand before having to pay its obligations. This could be a positive sign for the company, suggesting improved cash flow management and potentially enhanced financial performance in terms of liquidity and operational efficiency.
Peer comparison
Mar 31, 2025