United Parcel Service Inc (UPS)

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 4.08 4.67 4.06 3.28
Days of sales outstanding (DSO) days 46.17 43.65 45.11 45.91 47.09
Number of days of payables days 45.50 31.15 31.68 34.31 34.42
Cash conversion cycle days 0.68 16.58 18.10 15.66 15.95

December 31, 2025 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= — + 46.17 – 45.50
= 0.68


Peer comparison

Dec 31, 2025


See also:

United Parcel Service Inc Cash Conversion Cycle