Novartis AG

Published by Stock Analysis on Net

Last updated: 2018-02-11 07:56:36

Cash Conversion Cycle

2016 2015 2014 2013
Days of inventory on hand (DOH) 130 131 128 160
Add: Days of sales outstanding (DSO) 62 60 58 69
Less: Number of days of payables 102 119 114 135
Cash conversion cycle
90
72
72
94

2016 calculation:

Cash conversion cycle = DOH + DSO – Number of days of payables
= 130 + 62 – 102 = 90