Royal Caribbean Cruises Ltd (RCL)
Cash conversion cycle
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 10.11 | 11.04 | 10.24 | 10.77 | 11.18 | 11.39 | 10.73 | 10.72 | 11.64 | 11.50 | 10.51 | 11.18 | 12.36 | 14.51 | 17.37 | 18.41 | 20.63 | 29.08 | 37.83 | 28.34 |
| Days of sales outstanding (DSO) | days | 6.45 | 7.45 | 9.15 | 9.30 | 8.21 | 10.03 | 9.81 | 11.27 | 10.63 | 9.98 | 11.41 | 12.97 | 21.92 | 27.02 | 44.04 | 72.47 | 97.21 | 248.26 | 1,348.77 | 379.51 |
| Number of days of payables | days | 36.48 | 33.99 | 39.76 | 40.23 | 38.77 | 36.59 | 36.39 | 39.78 | 37.18 | 34.06 | 33.69 | 36.13 | 35.71 | 38.14 | 57.69 | 68.52 | 74.99 | 94.23 | 109.51 | 80.91 |
| Cash conversion cycle | days | -19.92 | -15.49 | -20.36 | -20.16 | -19.38 | -15.17 | -15.85 | -17.80 | -14.90 | -12.58 | -11.77 | -11.97 | -1.42 | 3.39 | 3.72 | 22.35 | 42.86 | 183.11 | 1,277.09 | 326.95 |
December 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 10.11 + 6.45 – 36.48
= -19.92
Peer comparison
Dec 31, 2025
Company name
Symbol
Cash conversion cycle
Royal Caribbean Cruises Ltd
RCL
-19.92
Carnival Corporation
CCL
-6.90
See also:
Royal Caribbean Cruises Ltd Cash Conversion Cycle (Quarterly Data)