United Parcel Service Inc (UPS)
Cash conversion cycle
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | 4.05 | — | — | 4.49 | 4.65 | — | — | — | 4.11 | — | — | — | 3.42 | — | — | 5.75 |
| Days of sales outstanding (DSO) | days | 46.17 | 40.71 | 42.22 | 39.78 | 43.65 | 37.08 | 36.97 | 38.94 | 45.11 | 37.21 | 36.50 | 38.14 | 45.91 | 39.73 | 41.62 | 41.44 | 47.09 | 40.52 | 40.05 | 41.37 |
| Number of days of payables | days | 42.32 | 28.84 | 29.92 | 26.81 | 30.88 | 26.52 | 26.24 | 26.98 | 31.56 | 29.16 | 29.18 | 29.47 | 34.75 | 31.11 | 33.37 | 33.13 | 35.89 | 31.35 | 32.44 | 31.96 |
| Cash conversion cycle | days | 3.86 | 11.87 | 12.31 | 12.97 | 16.83 | 10.56 | 10.73 | 16.45 | 18.21 | 8.05 | 7.33 | 8.67 | 15.27 | 8.62 | 8.25 | 8.31 | 14.62 | 9.17 | 7.61 | 15.16 |
December 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + 46.17 – 42.32
= 3.86
Peer comparison
Dec 31, 2025
Company name
Symbol
Cash conversion cycle
United Parcel Service Inc
UPS
3.86
CH Robinson Worldwide Inc
CHRW
28.62
JB Hunt Transport Services Inc
JBHT
13.47
Landstar System Inc
LSTR
19.95
See also:
United Parcel Service Inc Cash Conversion Cycle (Quarterly Data)