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Efficiency and cash conversion cycleAnalyst

How fast a company turns inventory and receivables into cash.

What you’ll enter

  • Revenue
  • Cost of goods sold
  • Average inventory
  • Average receivables
  • Average payables

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The formula

Cash conversion cycle = DIO + DSO − DPO

DIO is days to sell inventory, DSO is days to collect from customers, and DPO is days taken to pay suppliers. A shorter cycle frees up cash.