Select Medical Holdings (SEM)
Cash conversion cycle
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | 1.45 | — | 1.07 | — | — | 1.25 | 2.83 | 2.76 | — | 1.10 | 0.39 | 0.43 | 0.44 | 1.85 | 0.72 | 0.98 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 1.45 | 0.00 | 1.07 | 0.00 | 0.00 | 1.25 | 2.83 | 2.76 | 0.00 | 1.10 | 0.39 | 0.43 | 0.44 | 1.85 | 0.72 | 0.98 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle of Select Medical Holdings has displayed some fluctuations over the reported periods. The cycle, which represents the average time it takes for a company to convert its investments in inventory and other resources into cash flows from sales, has shown a range of values.
From March 31, 2020, to June 30, 2021, the cash conversion cycle remained relatively low and stable, indicating efficient management of cash flows and working capital. However, there was a notable increase in the cycle for the September 30, 2021, period, suggesting a potential delay in converting investments into cash.
The cycle decreased significantly to 0.00 days for the December 31, 2021, and subsequent periods, which could indicate a favorable improvement in efficiency in managing working capital and cash flows. However, the cycle increased again in March 31, 2022, and June 30, 2022, reaching levels not seen in previous periods.
Subsequent periods from September 30, 2022, to December 31, 2023, showed mixed results with some periods having a zero cash conversion cycle and others showing relatively higher values. This inconsistency may be attributed to changes in business operations, seasonality, or other factors impacting the conversion of investments to cash.
Overall, the data indicates fluctuations in Select Medical Holdings' cash conversion cycle, suggesting potential variations in working capital management efficiency over the reported periods. Additional analysis and contextual information about the company's operations and industry dynamics would be necessary to understand the reasons behind these fluctuations.
Peer comparison
Dec 31, 2024