Thermo Fisher Scientific Inc (TMO)
Cash conversion cycle
| Dec 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 73.41 | 79.66 | 77.71 | 74.78 | 71.23 | 77.68 | 74.40 | 72.84 | 71.10 | 74.49 | 77.62 | 77.84 | 77.99 | 84.06 | 89.27 | 92.95 | 92.66 | 92.37 | 89.38 | 89.60 |
| Days of sales outstanding (DSO) | days | 72.91 | 74.37 | 84.76 | 83.56 | 81.94 | 84.39 | 81.28 | 80.34 | 82.31 | 82.67 | 79.55 | 77.46 | 76.61 | 73.71 | 75.80 | 79.47 | 83.27 | 59.48 | 59.93 | 64.44 |
| Number of days of payables | days | — | 41.32 | 41.66 | 43.64 | 44.06 | 37.28 | 36.46 | 36.26 | 40.13 | 34.57 | 33.26 | 38.45 | 46.80 | 36.30 | 40.73 | 45.21 | 52.59 | 43.32 | 40.54 | 44.28 |
| Cash conversion cycle | days | 146.31 | 112.71 | 120.82 | 114.70 | 109.11 | 124.79 | 119.23 | 116.92 | 113.27 | 122.59 | 123.91 | 116.85 | 107.80 | 121.47 | 124.33 | 127.21 | 123.33 | 108.52 | 108.76 | 109.76 |
December 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 73.41 + 72.91 – —
= 146.31
Peer comparison
Dec 31, 2025
Company name
Symbol
Cash conversion cycle
Thermo Fisher Scientific Inc
TMO
146.31
Agilent Technologies Inc
A
128.37
Danaher Corporation
DHR
82.66
See also:
Thermo Fisher Scientific Inc Cash Conversion Cycle (Quarterly Data)