Thermo Fisher Scientific Inc (TMO)
Cash conversion cycle
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 71.28 | 72.24 | 73.42 | 79.39 | 94.17 |
| Days of sales outstanding (DSO) | days | 72.91 | 81.94 | 82.31 | 76.61 | 83.27 |
| Number of days of payables | days | — | 44.68 | 41.44 | 47.64 | 53.45 |
| Cash conversion cycle | days | 144.19 | 109.50 | 114.28 | 108.35 | 123.98 |
December 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 71.28 + 72.91 – —
= 144.19
Peer comparison
Dec 31, 2025
Company name
Symbol
Cash conversion cycle
Thermo Fisher Scientific Inc
TMO
144.19
Agilent Technologies Inc
A
128.37
Danaher Corporation
DHR
82.66