Vishay Intertechnology Inc (VSH)
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 | 108.87 | 97.36 | 92.64 | 83.24 | 85.21 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 108.87 | 97.36 | 92.64 | 83.24 | 85.21 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 108.87 + — – —
= 108.87
The cash conversion cycle of Vishay Intertechnology Inc has shown some fluctuation over the years based on the provided data. As of December 31, 2020, the cash conversion cycle was 85.21 days, indicating that it took approximately 85 days for the company to convert its investments in inventory and other resources into cash inflows from sales.
By December 31, 2021, the cash conversion cycle improved slightly to 83.24 days, suggesting more efficient management of working capital during that period. However, by December 31, 2022, the cycle extended to 92.64 days, indicating a potential delay in converting resources into cash.
The trend continued with a further increase in the cash conversion cycle to 97.36 days by December 31, 2023, reflecting a longer period for the company to cycle its cash flow. By December 31, 2024, the cycle reached its peak at 108.87 days, showing a considerable delay in the cash conversion process.
Overall, the fluctuation in Vishay Intertechnology Inc's cash conversion cycle suggests varying levels of efficiency in managing inventory, receivables, and payables over the years. The company may need to focus on improving its working capital management to shorten the cash conversion cycle and enhance its overall liquidity position.
Peer comparison
Dec 31, 2024