Revvity Inc. (RVTY)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 96.26 | 105.32 | 111.95 | 111.53 | 112.27 |
| Days of sales outstanding (DSO) | days | 83.75 | 83.97 | 67.54 | 97.62 | 111.46 |
| Number of days of payables | days | 43.85 | 50.22 | 75.33 | 85.06 | 71.42 |
| Cash conversion cycle | days | 136.16 | 139.07 | 104.16 | 124.09 | 152.31 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 96.26 + 83.75 – 43.85
= 136.16
Based on the data provided, Revvity Inc.'s cash conversion cycle has shown variability over the years.
In 2020, the company's cash conversion cycle was 152.31 days, indicating that it took around 152 days for the company to convert its investments in inventory and other resources into cash from sales.
By the end of 2021, the cash conversion cycle decreased to 124.09 days, suggesting an improvement in the efficiency of the company's working capital management.
In 2022, the cash conversion cycle further decreased to 104.16 days, signaling a more efficient conversion of investments into cash.
However, in 2023, there was a slight increase in the cash conversion cycle to 139.07 days, possibly indicating challenges in managing working capital efficiently during that period.
By the end of 2024, the cash conversion cycle remained relatively high at 136.16 days, indicating that the company may still be facing challenges in converting its investments into cash efficiently.
Overall, the trends in Revvity Inc.'s cash conversion cycle suggest fluctuations in its working capital management over the years, with some improvements observed but potential areas for further optimization.
Peer comparison
Dec 31, 2024