Vericel Corp Ord (VCEL)
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 | 97.38 | 77.12 | 106.91 | 97.37 | 85.48 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 97.38 | 77.12 | 106.91 | 97.37 | 85.48 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 97.38 + — – —
= 97.38
The cash conversion cycle of Vericel Corp Ord has shown fluctuations over the past five years, starting at 85.48 days as of December 31, 2020, and peaking at 106.91 days as of December 31, 2022. The trend indicates that the company took longer to convert its investments in inventory and receivables into cash in 2022 compared to the previous years.
However, there was a significant improvement in efficiency by December 31, 2023, when the cash conversion cycle decreased to 77.12 days. This suggests that the company managed its working capital more effectively, potentially reducing the time it takes to generate cash from its operations.
By December 31, 2024, the cash conversion cycle had increased slightly to 97.38 days, indicating that the company may have faced challenges in managing its working capital efficiently during that period.
Overall, fluctuations in the cash conversion cycle of Vericel Corp Ord over the five-year period reflect varying levels of efficiency in managing its working capital and converting investments into cash.
Peer comparison
Dec 31, 2024