Texas Instruments Incorporated (TXN)

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 230.75 252.38 224.56 160.83 116.81
Days of sales outstanding (DSO) days 40.52 40.11 37.23 34.54 33.85
Number of days of payables days 36.31 45.72 45.04 49.64 34.92
Cash conversion cycle days 234.96 246.78 216.76 145.72 115.74

December 31, 2025 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= 230.75 + 40.52 – 36.31
= 234.96

See also:

Texas Instruments Incorporated Cash Conversion Cycle