Cash cycle

Cash is coming back slower. The median company waits 114 days between paying its suppliers and collecting from its customers, 20 days longer than a year ago. 74 companies stretched their cycle by more than ten days, 24 tightened it by as much.

Median of each company’s latest filing; the change is over four quarters, coloured only beyond that tier’s usual yearly range.

Coloured only where the move is unusual for that company, beyond its own usual yearly range; the rest stay ink.

Each row is one company laid out in days from the day it buys inventory. The thin track is inventory and then receivables, with a notch on the day of sale. The coloured bar is the cycle itself: it starts the day suppliers are paid and ends the day cash is collected. An ink mark shows where the bar ended a year ago, and appears only where the move is outside that company’s usual range: a mark inside the bar means the cycle grew past it, a mark beyond the bar means it shrank. Dashed rows are licensing businesses with no meaningful cycle; blank rows have no detail filing yet. Hover or tap a bar to name it; the longest and shortest in each tier and the unusual movers are labelled outright. “Names” lists them by name; on a phone each tier lists its labelled companies first, then “Show all”. Click a row, or tap a bar a second time, to open the company’s Cash tab.