Take-Two Interactive Software Inc (TTWO)
Cash conversion cycle
| 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 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | 19.39 | 45.21 | 42.74 | — | — | — | — | 3.14 | 3.01 | 3.25 | 3.02 | 4.22 | 5.91 | 5.64 | 4.00 |
| Days of sales outstanding (DSO) | days | 55.19 | 49.51 | 62.76 | 45.59 | 52.18 | 51.07 | 60.21 | 46.32 | 57.52 | 60.07 | 77.48 | 93.94 | 71.26 | 80.48 | 98.76 | 64.29 | 71.24 | 76.08 | 96.14 | 84.01 |
| Number of days of payables | days | 27.64 | 22.68 | 26.17 | 22.78 | 25.64 | 15.95 | 14.04 | 14.29 | 16.69 | 24.70 | 31.30 | 44.45 | 29.93 | 25.95 | 21.55 | 17.65 | 16.88 | 22.14 | 17.83 | 11.58 |
| Cash conversion cycle | days | 27.56 | 26.83 | 36.59 | 22.81 | 26.54 | 54.51 | 91.38 | 74.77 | 40.83 | 35.37 | 46.19 | 49.49 | 44.48 | 57.53 | 80.46 | 49.66 | 58.58 | 59.85 | 83.96 | 76.43 |
March 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + 55.19 – 27.64
= 27.56
The cash conversion cycle (CCC) of Take-Two Interactive Software Inc has shown fluctuations over the analyzed periods. The CCC, which represents the time it takes for the company to convert its investments in inventory and other resources into cash flows from sales, is an important indicator of operational efficiency and liquidity management.
Take-Two's CCC was relatively high in the earlier periods but showed a decreasing trend towards the middle of the analyzed timeframe. The company's CCC decreased significantly from 76.43 days on June 30, 2020, to its lowest point of 22.81 days on June 30, 2024, indicating an improvement in the efficiency of managing its working capital during this period.
However, the CCC started to increase again towards the end of the analyzed period, with fluctuations in the range of 26.54 days on March 31, 2024, to 91.38 days on September 30, 2023. The increased CCC may indicate challenges in managing inventory, collections, or payment cycles.
Overall, Take-Two Interactive Software Inc should continue to closely monitor its cash conversion cycle to ensure efficient management of working capital and strive for a balance between maximizing sales revenues and optimizing the use of resources to enhance overall financial performance and liquidity.
Peer comparison
Mar 31, 2025