Xcel Energy Inc (XEL)
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 | 33.33 | 31.37 | 31.02 | 28.18 | 29.76 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 33.33 | 31.37 | 31.02 | 28.18 | 29.76 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 33.33 + — – —
= 33.33
The cash conversion cycle for Xcel Energy Inc has shown a slight fluctuation over the years. Starting at 29.76 days at the end of 2020, it decreased slightly to 28.18 days by the end of 2021. However, there was an increase in the cycle to 31.02 days by the end of 2022 and further to 31.37 days by the end of 2023. The trend continued with a rise to 33.33 days by the end of 2024. This indicates that Xcel Energy Inc took longer to convert its investments in inventory into cash as the years progressed, leading to an overall extension in its cash conversion cycle. This could imply potential concerns regarding efficiency in managing working capital and cash flow in the recent years.
Peer comparison
Dec 31, 2024