Apple (AAPL) Cash Conversion Cycle (2024)

FAQs

Apple (AAPL) Cash Conversion Cycle? ›

Apple's operated at median cash conversion cycle of -62 days from fiscal years ending September 2019 to 2023. Looking back at the last 5 years, Apple's cash conversion cycle peaked in June 2024 at -51 days. Apple's cash conversion cycle hit its 5-year low in September 2019 of -74 days.

Apple's robust O2C and other finance strategies help it have a cash pile of over $200 billion. It has a negative cash conversion cycle of -62 days, implying that Apple is essentially financed by its suppliers. Its Days Sales Outstanding (25 days) is less than half of the industry average.

Cash on Hand as of June 2024 : $61.80 B

According to Apple's latest financial reports the company has $61.80 B in cash and cash equivalents.

Here's a list of other U.S. companies with the most cash reserves as of 2024: Apple (AAPL): Apple has amassed an impressive cash reserve of around $202.6 billion according to New Trader U.

Our intelligent technology matches the user's search term with the app being promoted, delivering more than a 60 percent average conversion rate.

Apple Card gives you unlimited 3% Daily Cash back on everything you buy at Apple — whether it's a new Mac, an iPhone case, games from the App Store, or even a service like Apple Music or Apple TV+.

With a low DSO and high DPO, Apple has a negative cash conversion cycle. In 2022, it was 62 days. Essentially, Apple is financed by its suppliers! Here is an inside story on how Apple's cash flow engine operates.

Apple annual free cash flow for 2022 was $111.443B, a 19.89% increase from 2021. Apple annual free cash flow for 2021 was $92.953B, a 26.7% increase from 2020.

Every purchase you make with your Apple Card gets you up to 3% back in Daily Cash.

What is Apple's cash ratio? ›

Apple has a Cash Ratio of 0.47. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt. During the past 13 years, Apple's highest Cash Ratio was 1.05. The lowest was 0.31.

Bottom line. Apple Savings offers a solid 4.40% APY and a fee-free experience to those with an Apple Card. For those who want the highest possible rate or don't have an Apple Card, you have plenty of other options to earn high a interest rate with another account.

Apple once famously borrowed money to pay dividends to its shareholders, while it was sitting on mountains of cash parked in tax haven countries. In this view, companies hold excess cash largely to avoid having it taxed through repatriation.

Apple's operated at median cash conversion cycle of -62 days from fiscal years ending September 2019 to 2023. Looking back at the last 5 years, Apple's cash conversion cycle peaked in June 2024 at -51 days. Apple's cash conversion cycle hit its 5-year low in September 2019 of -74 days.

What does that look like on a brokerage statement? Check out the above chart and you'll see that if you invested $1,000 in Apple stock 20 years ago, it would today be worth almost $448,000. The same $1,000 invested in the S&P 500 would theoretically have turned into about $7,300 over the same period.

Apple now has $162.1 billion in cash on hand, according to the company's fiscal fourth-quarter earnings report released Thursday. The figure is below the company's cash pile from its fiscal third quarter of 2023, when it reported $166.5 billion.

The cash conversion cycle (CCC) – also known as the cash cycle – is a metric expressing how many days it takes a company to convert the cash it spends on inventory back into cash by selling its product. The shorter a company's CCC, the less time it has money tied up in accounts receivable and inventory.

Nike (NKE) Cash Conversion Cycle : 98.19 (As of May. 2024)

Example: You made a purchase of $100 and earned $3 of Daily Cash which was transferred to your Apple Cash account. If you later return that purchase, we will charge your Account a Daily Cash Adjustment of $3.