If anything positive has come out of the Covid-19 pandemic, it may be companies' new focus on working capital management at every level of the organizational structure.
The Hackett Group recently released its analysis of 2020 trends in the corporate cash conversion cycle. The results are not surprising given last year's business climate. Among the 1,000 largest publicly traded U.S. companies, excluding the financial services sector, days sales outstanding (DSO), days payables outstanding (DPO), and days inventory on hand (DIO) all increased—by 1.5 days, 4.4 days, and 4 days, respectively.
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