Ulta Beauty Inc (ULTA)
Cash conversion cycle
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 103.99 | 90.73 | 93.15 | 94.95 | 92.61 |
| Days of sales outstanding (DSO) | days | — | 6.77 | — | — | 7.13 |
| Number of days of payables | days | — | 29.09 | — | — | 33.13 |
| Cash conversion cycle | days | 103.99 | 68.41 | 93.15 | 94.95 | 66.60 |
January 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 103.99 + — – —
= 103.99
The cash conversion cycle for Ulta Beauty Inc has shown some fluctuations over the past few years. It was 66.60 days on January 28, 2023, but increased to 94.95 days by January 31, 2023. The cycle then decreased slightly to 93.15 days by January 31, 2024, before dropping further to 68.41 days by February 3, 2024. However, the cycle increased significantly to 103.99 days by January 31, 2025. This indicates that Ulta Beauty Inc may have experienced challenges in managing its cash, inventory, and receivables efficiently during these periods, impacting its overall working capital management.
Peer comparison
Jan 31, 2025