Libscomb Technologies' annual sales are $6,974,991 and all sales are made on credit, it purchases $3,511,535 of materials each year (and this is its cost of goods sold).  Libscomb also has $550,869 of inventory, $522,928 of accounts receivable, and $477,584 of accounts payable.  Assume a 365 day year.   What is Libscomb’s Inventory Turnover?

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Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.