NCR Voyix Corporation (VYX)
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 | 33.79 | 32.33 | 47.07 | 52.29 | 46.84 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 33.79 | 32.33 | 47.07 | 52.29 | 46.84 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 33.79 + — – —
= 33.79
The cash conversion cycle of NCR Voyix Corporation has shown some fluctuations over the past five years. In 2020, the company's cash conversion cycle was 46.84 days, which increased to 52.29 days in 2021. However, there was a slight improvement in 2022 with a cycle of 47.07 days. The most significant improvement occurred in 2023, where the cycle decreased to 32.33 days, indicating a more efficient cash management process. In 2024, the cycle slightly increased to 33.79 days, but still remained lower than in previous years. Overall, the trend suggests that NCR Voyix Corporation has been able to reduce the time it takes to convert its investments in inventory and other resources into cash, which is a positive indicator of effective working capital management.