Ufp Industries Inc (UFPI)

Cash conversion cycle

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Days of inventory on hand (DOH) days 48.49 45.80 45.33 48.64 47.56
Days of sales outstanding (DSO) days
Number of days of payables days
Cash conversion cycle days 48.49 45.80 45.33 48.64 47.56

December 31, 2024 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= 48.49 + — – —
= 48.49

The cash conversion cycle of Ufp Industries Inc has shown some fluctuations over the past five years. As of December 31, 2020, the company's cash conversion cycle was 47.56 days, which increased to 48.64 days by December 31, 2021. However, there was a slight improvement in efficiency by December 31, 2022, with the cycle decreasing to 45.33 days. This trend continued in 2023 with a cash conversion cycle of 45.80 days before rising again to 48.49 days by the end of 2024. Overall, analyzing the cash conversion cycle can provide insights into the company's ability to manage its cash flow, accounts receivable, and inventory turnover efficiently.