Analysis of Short-term (Operating) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
Trane Technologies plc, short-term (operating) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Trane Technologies plc inventory turnover ratio improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Trane Technologies plc receivables turnover ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Trane Technologies plc payables turnover ratio increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | Trane Technologies plc working capital turnover ratio improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | |
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Trane Technologies plc number of days of receivables outstanding improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | |
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Trane Technologies plc number of days of payables outstanding decreased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. | Trane Technologies plc cash conversion cycle improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
Inventory Turnover
Trane Technologies plc, inventory turnover calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Cost of goods sold | 2,522,300) | 2,854,300) | 2,939,100) | 2,867,000) | 2,366,500) | 2,527,800) | 2,515,600) | 2,559,000) | 2,064,400) | 2,231,200) | 2,360,800) | 2,160,500) | 1,898,800) | 2,904,300) | 2,935,800) | 3,094,100) | 2,517,300) | 2,745,000) | 2,718,300) | 2,964,100) | 2,420,200) | |||||||
| Inventories | 2,343,700) | 1,993,800) | 1,949,200) | 1,886,900) | 1,872,300) | 1,530,800) | 1,482,800) | 1,386,300) | 1,373,100) | 1,189,200) | 1,229,200) | 1,353,000) | 1,463,700) | 1,712,200) | 1,890,600) | 1,950,500) | 1,983,700) | 1,677,800) | 1,821,400) | 1,733,300) | 1,778,800) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||
| Inventory turnover1 | 4.77 | 5.53 | 5.49 | 5.45 | 5.32 | 6.31 | 6.32 | 6.65 | 6.42 | 7.27 | 7.59 | 7.32 | 7.40 | 6.69 | 5.97 | 5.68 | 5.52 | 6.47 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Inventory Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | 0.83 | 0.81 | 0.78 | 0.74 | 0.74 | 0.75 | 0.77 | 0.76 | 0.74 | 0.78 | 0.71 | 0.78 | 0.88 | 0.94 | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 2.38 | 2.54 | 2.36 | 2.40 | 2.46 | 2.53 | 2.44 | 2.49 | 2.46 | 2.55 | 2.66 | 2.82 | 2.97 | 3.25 | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 3.94 | 4.04 | 3.95 | 3.87 | 4.03 | 4.48 | 4.73 | 4.86 | 5.12 | 5.88 | 6.10 | 6.20 | 6.00 | 5.11 | — | — | — | — | — | — | — | |||||||
| GE Aerospace | 3.32 | 3.19 | 3.10 | 3.04 | 3.25 | 3.40 | 3.21 | 3.28 | 3.46 | 3.80 | 4.36 | 4.41 | 4.50 | 4.97 | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 3.90 | 4.04 | 4.09 | 4.06 | 4.20 | 4.55 | 4.72 | 4.88 | 4.85 | 4.94 | 4.79 | 4.88 | 5.23 | 5.51 | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 16.63 | 18.68 | 18.09 | 16.20 | 18.12 | 19.45 | 19.81 | 18.64 | 17.58 | 16.01 | 16.91 | 15.46 | 14.94 | 14.22 | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 4.81 | 5.03 | 5.03 | 5.14 | 5.33 | 5.65 | 5.57 | 5.49 | 5.48 | 5.11 | 4.93 | 4.85 | 4.51 | 5.21 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Inventory turnover
= (Cost of goods soldQ1 2023
+ Cost of goods soldQ4 2022
+ Cost of goods soldQ3 2022
+ Cost of goods soldQ2 2022)
÷ Inventories
= (2,522,300 + 2,854,300 + 2,939,100 + 2,867,000)
÷ 2,343,700 = 4.77
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Trane Technologies plc inventory turnover ratio improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
Receivables Turnover
Trane Technologies plc, receivables turnover calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Net revenues | 3,665,800) | 4,073,900) | 4,371,900) | 4,190,400) | 3,355,500) | 3,569,300) | 3,719,800) | 3,829,700) | 3,017,600) | 3,179,100) | 3,495,500) | 3,138,800) | 2,641,300) | 4,150,900) | 4,344,300) | 4,527,800) | 3,575,900) | 3,895,100) | 4,030,900) | 4,357,700) | 3,384,500) | |||||||
| Accounts and notes receivable, net | 2,606,000) | 2,780,100) | 2,867,400) | 2,758,200) | 2,429,800) | 2,429,400) | 2,432,300) | 2,532,100) | 2,159,400) | 2,202,100) | 2,312,600) | 2,316,400) | 2,091,800) | 2,798,100) | 2,968,900) | 3,108,300) | 2,710,300) | 2,679,200) | 2,752,100) | 2,946,900) | 2,516,000) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||
| Receivables turnover1 | 6.26 | 5.75 | 5.40 | 5.38 | 5.96 | 5.82 | 5.65 | 5.34 | 5.94 | 5.66 | 5.81 | 6.16 | 7.49 | 5.93 | 5.50 | 5.16 | 5.85 | 5.85 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Receivables Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | 24.65 | 26.46 | 22.98 | 20.27 | 25.37 | 23.58 | 27.95 | 24.76 | 23.97 | 29.75 | 22.00 | 23.85 | 21.97 | 23.44 | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 6.37 | 6.39 | 6.59 | 6.10 | 5.46 | 5.68 | 5.97 | 5.51 | 5.07 | 5.33 | 5.86 | 6.11 | 6.12 | 5.92 | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 5.05 | 5.09 | 5.28 | 5.15 | 5.39 | 5.95 | 5.75 | 5.72 | 5.79 | 6.15 | 6.40 | 7.25 | 7.07 | 6.22 | — | — | — | — | — | — | — | |||||||
| GE Aerospace | 5.00 | 4.09 | 4.19 | 4.39 | 4.43 | 4.55 | 4.83 | 4.74 | 4.59 | 4.37 | 4.46 | 5.03 | 5.08 | 5.22 | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 4.57 | 4.77 | 4.74 | 4.45 | 4.82 | 5.04 | 4.78 | 4.89 | 4.89 | 4.78 | 4.83 | 5.14 | 4.87 | 4.90 | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 25.61 | 26.34 | 26.06 | 18.87 | 26.02 | 34.15 | 29.27 | 25.59 | 29.81 | 33.06 | 25.90 | 22.19 | 21.14 | 25.59 | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 6.81 | 7.36 | 7.15 | 6.28 | 7.15 | 6.66 | 6.69 | 6.99 | 6.03 | 6.11 | 5.90 | 6.79 | 5.35 | 5.70 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Receivables turnover
= (Net revenuesQ1 2023
+ Net revenuesQ4 2022
+ Net revenuesQ3 2022
+ Net revenuesQ2 2022)
÷ Accounts and notes receivable, net
= (3,665,800 + 4,073,900 + 4,371,900 + 4,190,400)
÷ 2,606,000 = 6.26
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Trane Technologies plc receivables turnover ratio improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Payables Turnover
Trane Technologies plc, payables turnover calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Cost of goods sold | 2,522,300) | 2,854,300) | 2,939,100) | 2,867,000) | 2,366,500) | 2,527,800) | 2,515,600) | 2,559,000) | 2,064,400) | 2,231,200) | 2,360,800) | 2,160,500) | 1,898,800) | 2,904,300) | 2,935,800) | 3,094,100) | 2,517,300) | 2,745,000) | 2,718,300) | 2,964,100) | 2,420,200) | |||||||
| Accounts payable | 1,962,600) | 2,091,600) | 2,061,300) | 2,000,200) | 1,931,600) | 1,787,300) | 1,757,800) | 1,833,200) | 1,608,900) | 1,520,200) | 1,458,800) | 1,368,200) | 1,446,700) | 1,809,200) | 1,758,800) | 1,889,900) | 1,800,100) | 1,705,300) | 1,748,700) | 1,832,100) | 1,666,100) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||
| Payables turnover1 | 5.70 | 5.27 | 5.19 | 5.14 | 5.16 | 5.41 | 5.33 | 5.03 | 5.48 | 5.69 | 6.39 | 7.24 | 7.49 | 6.33 | 6.42 | 5.86 | 6.08 | 6.36 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Payables Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | 6.37 | 6.18 | 6.36 | 6.17 | 6.73 | 6.40 | 6.20 | 5.45 | 4.90 | 4.94 | 4.25 | 4.77 | 4.69 | 4.63 | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 4.68 | 4.76 | 4.81 | 4.72 | 4.43 | 4.36 | 4.61 | 4.57 | 4.46 | 4.75 | 5.86 | 6.31 | 6.05 | 6.15 | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 4.55 | 4.51 | 4.61 | 4.43 | 4.67 | 4.75 | 5.11 | 5.22 | 5.66 | 6.24 | 7.15 | 8.18 | 7.88 | 6.78 | — | — | — | — | — | — | — | |||||||
| GE Aerospace | 3.57 | 2.98 | 3.14 | 3.14 | 3.32 | 3.32 | 3.33 | 3.35 | 3.56 | 3.67 | 4.67 | 4.99 | 4.57 | 4.40 | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 3.50 | 3.53 | 3.68 | 3.63 | 3.66 | 3.61 | 3.83 | 3.76 | 3.86 | 3.86 | 4.27 | 4.32 | 4.23 | 4.25 | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 17.65 | 27.25 | 21.48 | 24.07 | 21.92 | 74.34 | 37.83 | 36.15 | 30.31 | 64.48 | 37.34 | 37.46 | 16.70 | 40.16 | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 5.42 | 5.40 | 5.82 | 5.36 | 6.28 | 5.93 | 6.06 | 6.52 | 5.67 | 5.56 | 5.96 | 6.92 | 4.73 | 5.28 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Payables turnover
= (Cost of goods soldQ1 2023
+ Cost of goods soldQ4 2022
+ Cost of goods soldQ3 2022
+ Cost of goods soldQ2 2022)
÷ Accounts payable
= (2,522,300 + 2,854,300 + 2,939,100 + 2,867,000)
÷ 1,962,600 = 5.70
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Trane Technologies plc payables turnover ratio increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Working Capital Turnover
Trane Technologies plc, working capital turnover calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Current assets | 6,074,800) | 6,379,200) | 6,299,100) | 6,125,200) | 6,030,500) | 6,470,900) | 6,991,400) | 7,125,100) | 6,622,100) | 6,905,600) | 6,973,500) | 6,344,700) | 6,559,800) | 6,217,200) | 6,103,100) | 6,351,500) | 7,084,700) | 5,732,000) | 6,082,600) | 6,161,700) | 6,071,500) | |||||||
| Less: Current liabilities | 4,831,400) | 5,686,800) | 5,545,500) | 5,630,300) | 4,594,400) | 4,752,400) | 4,313,500) | 4,512,900) | 4,174,600) | 4,338,900) | 4,170,100) | 3,829,200) | 4,240,800) | 4,861,900) | 4,776,100) | 5,180,200) | 4,488,500) | 4,315,700) | 4,324,000) | 4,752,700) | 4,320,700) | |||||||
| Working capital | 1,243,400) | 692,400) | 753,600) | 494,900) | 1,436,100) | 1,718,500) | 2,677,900) | 2,612,200) | 2,447,500) | 2,566,700) | 2,803,400) | 2,515,500) | 2,319,000) | 1,355,300) | 1,327,000) | 1,171,300) | 2,596,200) | 1,416,300) | 1,758,600) | 1,409,000) | 1,750,800) | |||||||
| Net revenues | 3,665,800) | 4,073,900) | 4,371,900) | 4,190,400) | 3,355,500) | 3,569,300) | 3,719,800) | 3,829,700) | 3,017,600) | 3,179,100) | 3,495,500) | 3,138,800) | 2,641,300) | 4,150,900) | 4,344,300) | 4,527,800) | 3,575,900) | 3,895,100) | 4,030,900) | 4,357,700) | 3,384,500) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||
| Working capital turnover1 | 13.11 | 23.10 | 20.55 | 29.98 | 10.08 | 8.23 | 5.13 | 5.18 | 5.24 | 4.85 | 4.79 | 5.67 | 6.75 | 12.25 | 12.32 | 13.69 | 6.11 | 11.06 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Working Capital Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | 4.61 | 3.42 | 3.13 | 2.87 | 2.51 | 2.34 | 2.02 | 2.00 | 1.88 | 1.69 | 1.57 | 1.76 | 4.27 | 15.57 | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 4.25 | 4.62 | 4.35 | 3.93 | 3.83 | 3.54 | 2.87 | 2.80 | 2.52 | 2.84 | 3.01 | 3.45 | 4.33 | 4.04 | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 7.01 | 8.70 | 10.69 | — | — | 65.65 | 12.41 | 21.65 | 5.34 | 5.42 | 6.42 | 7.05 | 5.60 | 5.95 | — | — | — | — | — | — | — | |||||||
| GE Aerospace | 5.87 | 7.93 | 13.29 | 10.55 | 7.14 | 4.94 | 1.57 | 1.57 | 1.27 | 2.26 | 5.06 | 6.05 | 8.72 | — | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 7.79 | 7.03 | 7.91 | 8.84 | 8.07 | 5.86 | 5.94 | 4.52 | 4.27 | 3.64 | 3.02 | 3.14 | 6.93 | 5.92 | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 12.81 | 12.93 | 14.03 | 14.28 | 15.14 | 11.52 | 10.48 | 12.30 | 11.93 | 12.01 | 12.62 | 13.44 | 17.12 | 19.15 | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 12.76 | 20.15 | 19.15 | 17.77 | 11.41 | 9.75 | 8.11 | 10.24 | 9.77 | 7.52 | 7.51 | 9.23 | 9.50 | 26.47 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Working capital turnover
= (Net revenuesQ1 2023
+ Net revenuesQ4 2022
+ Net revenuesQ3 2022
+ Net revenuesQ2 2022)
÷ Working capital
= (3,665,800 + 4,073,900 + 4,371,900 + 4,190,400)
÷ 1,243,400 = 13.11
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | Trane Technologies plc working capital turnover ratio improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
Average Inventory Processing Period
Trane Technologies plc, average inventory processing period calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||
| Inventory turnover | 4.77 | 5.53 | 5.49 | 5.45 | 5.32 | 6.31 | 6.32 | 6.65 | 6.42 | 7.27 | 7.59 | 7.32 | 7.40 | 6.69 | 5.97 | 5.68 | 5.52 | 6.47 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||
| Average inventory processing period1 | 76 | 66 | 66 | 67 | 69 | 58 | 58 | 55 | 57 | 50 | 48 | 50 | 49 | 55 | 61 | 64 | 66 | 56 | — | — | — | |||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||
| Average Inventory Processing Period, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | 438 | 452 | 468 | 494 | 493 | 486 | 475 | 478 | 496 | 467 | 516 | 468 | 416 | 388 | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 154 | 144 | 155 | 152 | 148 | 144 | 150 | 146 | 149 | 143 | 137 | 129 | 123 | 112 | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 93 | 90 | 92 | 94 | 90 | 82 | 77 | 75 | 71 | 62 | 60 | 59 | 61 | 71 | — | — | — | — | — | — | — | |||||||
| GE Aerospace | 110 | 114 | 118 | 120 | 112 | 107 | 114 | 111 | 105 | 96 | 84 | 83 | 81 | 74 | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 94 | 90 | 89 | 90 | 87 | 80 | 77 | 75 | 75 | 74 | 76 | 75 | 70 | 66 | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 22 | 20 | 20 | 23 | 20 | 19 | 18 | 20 | 21 | 23 | 22 | 24 | 24 | 26 | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 76 | 73 | 73 | 71 | 69 | 65 | 65 | 66 | 67 | 71 | 74 | 75 | 81 | 70 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 4.77 = 76
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. |
Average Receivable Collection Period
Trane Technologies plc, average receivable collection period calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||
| Receivables turnover | 6.26 | 5.75 | 5.40 | 5.38 | 5.96 | 5.82 | 5.65 | 5.34 | 5.94 | 5.66 | 5.81 | 6.16 | 7.49 | 5.93 | 5.50 | 5.16 | 5.85 | 5.85 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||
| Average receivable collection period1 | 58 | 63 | 68 | 68 | 61 | 63 | 65 | 68 | 61 | 65 | 63 | 59 | 49 | 62 | 66 | 71 | 62 | 62 | — | — | — | |||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||
| Average Receivable Collection Period, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | 15 | 14 | 16 | 18 | 14 | 15 | 13 | 15 | 15 | 12 | 17 | 15 | 17 | 16 | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 57 | 57 | 55 | 60 | 67 | 64 | 61 | 66 | 72 | 68 | 62 | 60 | 60 | 62 | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 72 | 72 | 69 | 71 | 68 | 61 | 63 | 64 | 63 | 59 | 57 | 50 | 52 | 59 | — | — | — | — | — | — | — | |||||||
| GE Aerospace | 73 | 89 | 87 | 83 | 82 | 80 | 76 | 77 | 80 | 83 | 82 | 73 | 72 | 70 | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 80 | 77 | 77 | 82 | 76 | 72 | 76 | 75 | 75 | 76 | 76 | 71 | 75 | 75 | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 14 | 14 | 14 | 19 | 14 | 11 | 12 | 14 | 12 | 11 | 14 | 16 | 17 | 14 | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 54 | 50 | 51 | 58 | 51 | 55 | 55 | 52 | 61 | 60 | 62 | 54 | 68 | 64 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 6.26 = 58
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Trane Technologies plc number of days of receivables outstanding improved from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Operating Cycle
Trane Technologies plc, operating cycle calculation (quarterly data)
No. days
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||
| Average inventory processing period | 76 | 66 | 66 | 67 | 69 | 58 | 58 | 55 | 57 | 50 | 48 | 50 | 49 | 55 | 61 | 64 | 66 | 56 | — | — | — | |||||||
| Average receivable collection period | 58 | 63 | 68 | 68 | 61 | 63 | 65 | 68 | 61 | 65 | 63 | 59 | 49 | 62 | 66 | 71 | 62 | 62 | — | — | — | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||
| Operating cycle1 | 134 | 129 | 134 | 135 | 130 | 121 | 123 | 123 | 118 | 115 | 111 | 109 | 98 | 117 | 127 | 135 | 128 | 118 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Operating Cycle, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | 453 | 466 | 484 | 512 | 507 | 501 | 488 | 493 | 511 | 479 | 533 | 483 | 433 | 404 | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 211 | 201 | 210 | 212 | 215 | 208 | 211 | 212 | 221 | 211 | 199 | 189 | 183 | 174 | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 165 | 162 | 161 | 165 | 158 | 143 | 140 | 139 | 134 | 121 | 117 | 109 | 113 | 130 | — | — | — | — | — | — | — | |||||||
| GE Aerospace | 183 | 203 | 205 | 203 | 194 | 187 | 190 | 188 | 185 | 179 | 166 | 156 | 153 | 144 | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 174 | 167 | 166 | 172 | 163 | 152 | 153 | 150 | 150 | 150 | 152 | 146 | 145 | 141 | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 36 | 34 | 34 | 42 | 34 | 30 | 30 | 34 | 33 | 34 | 36 | 40 | 41 | 40 | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 130 | 123 | 124 | 129 | 120 | 120 | 120 | 118 | 128 | 131 | 136 | 129 | 149 | 134 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 76 + 58 = 134
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. |
Average Payables Payment Period
Trane Technologies plc, average payables payment period calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||
| Payables turnover | 5.70 | 5.27 | 5.19 | 5.14 | 5.16 | 5.41 | 5.33 | 5.03 | 5.48 | 5.69 | 6.39 | 7.24 | 7.49 | 6.33 | 6.42 | 5.86 | 6.08 | 6.36 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||
| Average payables payment period1 | 64 | 69 | 70 | 71 | 71 | 67 | 68 | 73 | 67 | 64 | 57 | 50 | 49 | 58 | 57 | 62 | 60 | 57 | — | — | — | |||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||
| Average Payables Payment Period, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | 57 | 59 | 57 | 59 | 54 | 57 | 59 | 67 | 74 | 74 | 86 | 77 | 78 | 79 | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 78 | 77 | 76 | 77 | 82 | 84 | 79 | 80 | 82 | 77 | 62 | 58 | 60 | 59 | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 80 | 81 | 79 | 82 | 78 | 77 | 71 | 70 | 65 | 58 | 51 | 45 | 46 | 54 | — | — | — | — | — | — | — | |||||||
| GE Aerospace | 102 | 123 | 116 | 116 | 110 | 110 | 109 | 109 | 103 | 100 | 78 | 73 | 80 | 83 | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 104 | 103 | 99 | 101 | 100 | 101 | 95 | 97 | 95 | 95 | 85 | 85 | 86 | 86 | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 21 | 13 | 17 | 15 | 17 | 5 | 10 | 10 | 12 | 6 | 10 | 10 | 22 | 9 | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 67 | 68 | 63 | 68 | 58 | 62 | 60 | 56 | 64 | 66 | 61 | 53 | 77 | 69 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 5.70 = 64
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Trane Technologies plc number of days of payables outstanding decreased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Cash Conversion Cycle
Trane Technologies plc, cash conversion cycle calculation (quarterly data)
No. days
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||
| Average inventory processing period | 76 | 66 | 66 | 67 | 69 | 58 | 58 | 55 | 57 | 50 | 48 | 50 | 49 | 55 | 61 | 64 | 66 | 56 | — | — | — | |||||||
| Average receivable collection period | 58 | 63 | 68 | 68 | 61 | 63 | 65 | 68 | 61 | 65 | 63 | 59 | 49 | 62 | 66 | 71 | 62 | 62 | — | — | — | |||||||
| Average payables payment period | 64 | 69 | 70 | 71 | 71 | 67 | 68 | 73 | 67 | 64 | 57 | 50 | 49 | 58 | 57 | 62 | 60 | 57 | — | — | — | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||
| Cash conversion cycle1 | 70 | 60 | 64 | 64 | 59 | 54 | 55 | 50 | 51 | 51 | 54 | 59 | 49 | 59 | 70 | 73 | 68 | 61 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Cash Conversion Cycle, Competitors2 | ||||||||||||||||||||||||||||
| Boeing Co. | 396 | 407 | 427 | 453 | 453 | 444 | 429 | 426 | 437 | 405 | 447 | 406 | 355 | 325 | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 133 | 124 | 134 | 135 | 133 | 124 | 132 | 132 | 139 | 134 | 137 | 131 | 123 | 115 | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 85 | 81 | 82 | 83 | 80 | 66 | 69 | 69 | 69 | 63 | 66 | 64 | 67 | 76 | — | — | — | — | — | — | — | |||||||
| GE Aerospace | 81 | 80 | 89 | 87 | 84 | 77 | 81 | 79 | 82 | 79 | 88 | 83 | 73 | 61 | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 70 | 64 | 67 | 71 | 63 | 51 | 58 | 53 | 55 | 55 | 67 | 61 | 59 | 55 | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 15 | 21 | 17 | 27 | 17 | 25 | 20 | 24 | 21 | 28 | 26 | 30 | 19 | 31 | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 63 | 55 | 61 | 61 | 62 | 58 | 60 | 62 | 64 | 65 | 75 | 76 | 72 | 65 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q1 2023 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 76 + 58 – 64 = 70
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. | Trane Technologies plc cash conversion cycle improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |