Teledyne Technologies Incorporated (TDY)
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 | 101.61 | 109.13 | 110.14 | 105.62 | 104.80 | 109.88 | 111.26 | 109.71 | 103.92 | 96.45 | 94.93 | 96.43 | 99.11 | 124.80 | 150.18 | 62.84 | 66.53 | 69.58 | 73.58 | 75.12 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 101.61 | 109.13 | 110.14 | 105.62 | 104.80 | 109.88 | 111.26 | 109.71 | 103.92 | 96.45 | 94.93 | 96.43 | 99.11 | 124.80 | 150.18 | 62.84 | 66.53 | 69.58 | 73.58 | 75.12 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 101.61 + — – —
= 101.61
The cash conversion cycle of Teledyne Technologies Incorporated has shown fluctuations over the periods analyzed. From March 31, 2020, to June 30, 2021, there was a general trend of decreasing days in the cash conversion cycle, indicating an improvement in the efficiency of managing cash, inventory, and receivables.
However, from June 30, 2021, to September 30, 2021, there was a significant spike in the cash conversion cycle, which could indicate a delay in converting investments in inventory and receivables into cash. This spike was likely a result of operational challenges or changes in the company's sales and collection processes.
Subsequently, from September 30, 2021, to December 31, 2024, the cash conversion cycle fluctuated within a range, indicating potential stability in the company's cash, inventory, and receivables management practices. While there were periods of increase, they were generally followed by decreases, suggesting that Teledyne Technologies may have been actively managing its working capital efficiency.
Overall, analyzing the cash conversion cycle provides insights into how effectively the company is managing its cash flow and working capital. Fluctuations in this metric can indicate changes in operational efficiency, inventory management, or collection processes that may impact the company's financial health.
Peer comparison
Dec 31, 2024