GlaxoSmithKline PLC

Published by Stock Analysis on Net

Last updated: 2018-02-11 06:27:30

Cash Conversion Cycle

2016 2015 2014 2013
Days of inventory on hand (DOH) 200 194 211 166
Add: Days of sales outstanding (DSO) 79 86 73 75
Less: Number of days of payables 470 366 397 354
Cash conversion cycle
-191
-86
-113
-113

2016 calculation:

Cash conversion cycle = DOH + DSO – Number of days of payables
= 200 + 79 – 470 = -191