Spire Inc (SR)
Cash conversion cycle
| 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 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 75.25 | 58.88 | 45.78 | 58.55 | 59.80 | 50.68 | 46.53 | 58.53 | 57.36 | 50.35 | 42.07 | 87.25 | 112.22 | 81.27 | 49.07 | 80.04 | 78.84 | 56.08 | 47.02 | 63.41 |
| Days of sales outstanding (DSO) | days | 48.55 | 56.38 | 85.27 | 78.03 | 40.74 | 48.31 | 72.82 | 79.19 | 42.51 | 54.30 | 89.87 | 119.78 | 106.92 | 106.18 | 116.24 | 121.82 | 98.86 | 85.59 | 102.69 | 88.48 |
| Number of days of payables | days | 66.14 | 62.88 | 72.46 | 70.55 | 53.75 | 45.20 | 41.90 | 62.17 | 51.95 | 40.66 | 47.83 | 118.64 | 164.07 | 157.29 | 107.14 | 105.08 | 105.95 | 76.27 | 91.97 | 89.63 |
| Cash conversion cycle | days | 57.66 | 52.38 | 58.59 | 66.03 | 46.79 | 53.80 | 77.45 | 75.55 | 47.92 | 63.99 | 84.11 | 88.38 | 55.07 | 30.16 | 58.16 | 96.77 | 71.75 | 65.40 | 57.74 | 62.26 |
September 30, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 75.25 + 48.55 – 66.14
= 57.66
Peer comparison
Sep 30, 2025
Company name
Symbol
Cash conversion cycle
Spire Inc
SR
57.66
Atmos Energy Corporation
ATO
-23.47
NewJersey Resources Corporation
NJR
17.07
UGI Corporation
UGI
32.93