How many days of cash is your inventory holding?
Inventory days, turns and the cash conversion cycle for listed FMCG, retail and wholesale businesses — built from audited filings, not survey responses. Find the peer set that matches your business, then see where your own numbers land against it.
Where do you sit?
Two numbers from your P&L and balance sheet. Nothing is uploaded, stored or sent anywhere — the calculation runs entirely in this browser tab.
↳ No account. No email. No upload.
This page never sends your figures anywhere.
The peer set
The destock that never finished
Where the cash actually sits
The cash conversion cycle is inventory days plus receivable days minus payable days — how long a dollar stays out of the business between paying a supplier and being paid by a customer. Pick a company to see its shape.
Full data
How these numbers are built
Inventory days (DIO)
average inventory ÷ COGS × 365. Balances are averaged with the prior year, so a single year-end stock date can't distort the figure.
Cash conversion cycle
DIO + DSO − DPO, where DSO runs on revenue and DPO on COGS. A negative cycle means suppliers fund the business.
Sources
US figures come from each company's own 10-K, pulled from the SEC's XBRL company-facts API — each row links straight to the filing. Australian figures come from each company's statutory accounts as rendered by Yahoo Finance, linking through to the company's ASX page — a weaker chain of custody than the US half, one step removed from the primary filing rather than pulled from it directly. Australian coverage runs three benchmark years (2022–2024) against eight for the US, because only a handful of fiscal years of ASX data are obtainable this way.
Comparing across year-ends
A January year-end and a June year-end don't cover the same trading period, so each fiscal year is filed under the calendar year containing its midpoint.
No currency conversion
Days are ratios, so they compare directly across reporting currencies. No exchange rate is applied anywhere, so nothing here can go stale on an FX move — which is what lets ASX companies join this panel unconverted.
What it can't tell you
These are listed companies, mostly larger than the mid-market. Treat them as the standard you're measured against, not as businesses your size.
If your inventory days sit in the top quartile, that gap is cash.
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