Sally Beauty Holdings Inc (SBH)

Cash conversion cycle

		Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Days of inventory on hand (DOH)	days	147.16	207.13	193.90	181.98	165.50
Days of sales outstanding (DSO)	days	11.49	9.05	7.43	6.91	6.27
Number of days of payables	days	45.76	53.83	51.47	53.58	55.39
Cash conversion cycle	days	112.89	162.35	149.86	135.31	116.38

September 30, 2025 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= 147.16 + 11.49 – 45.76
= 112.89

Sep 30, 2025

Company name

Symbol

Cash conversion cycle

Sally Beauty Holdings Inc

SBH

112.89