NCR Voyix Corporation (VYX)

Cash conversion cycle

		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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Days of inventory on hand (DOH)	days	99.26	186.75	190.70	216.22	96.38	210.65	213.33	196.41	193.54	116.92	80.71	59.86	46.84	57.67	58.88	54.81	57.30	63.16	65.15	67.05
Days of sales outstanding (DSO)	days	26.65	45.81	47.79	48.68	52.30	51.79	50.99	52.44	48.91	52.66	73.27	71.32	65.68	70.49	68.49	71.76	78.65	79.47	79.12	75.85
Number of days of payables	days	197.35	211.22	223.79	259.90	160.36	223.13	235.96	219.83	212.02	120.05	86.63	66.75	49.26	52.12	51.20	57.96	61.39	58.41	57.72	60.45
Cash conversion cycle	days	-71.44	21.34	14.70	5.00	-11.68	39.31	28.36	29.02	30.43	49.53	67.34	64.42	63.27	76.04	76.17	68.60	74.55	84.21	86.55	82.45

December 31, 2023 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= 99.26 + 26.65 – 197.35
= -71.44

The cash conversion cycle of NCR Voyix Corporation has fluctuated over the past years. The cash conversion cycle represents the number of days it takes a company to convert its inputs into cash receipts. A negative cash conversion cycle indicates that the company is able to collect cash from customers before paying its suppliers.

Analyzing the trend, we see that NCR Voyix Corporation had a negative cash conversion cycle in some periods, indicating efficient management of working capital. However, there are also periods where the company's cash conversion cycle was positive, implying that it took longer to convert inputs into cash receipts.

In the most recent period, as of December 31, 2023, the cash conversion cycle was -71.44 days, reflecting an improvement compared to the prior periods. This negative cycle suggests that the company is efficiently managing its working capital by collecting cash from customers faster than paying its suppliers.

Overall, NCR Voyix Corporation should continue monitoring and managing its cash conversion cycle to ensure optimal working capital efficiency and cash flow management.