Longest wait for cash

The longest cash conversion cycles: money spent on stock and on credit to customers long before it comes back.

The top 50 US-listed companies above $2B, recomputed each night from SEC filings.

Healthcare takes 5 of the top ten places. ACM Research, Inc. leads at 716 days, and the middle of the list sits at 282 days (RBC Bearings Incorporated).

1. #1TechnologyACMRACM Research, Inc.716 daysinventory 512 days, receivables 204
2. #2Communication ServicesMGNIMagnite, Inc.645 daysinventory 0 days, receivables 666
3. #3Consumer DefensiveBF-ABrown-Forman Corporation626 daysinventory 599 days, receivables 77

4. 4OLEDUniversal Display CorporationTechnologyinventory 571 days, receivables 67583 days
5. 5IBRXImmunityBio, Inc.Healthcareinventory 441 days, receivables 137578 days
6. 6TVTXTravere Therapeutics, Inc.Healthcareinventory 1276 days, receivables 60461 days
7. 7ACADACADIA Pharmaceuticals Inc.Healthcareinventory 457 days, receivables 41453 days
8. 8AXTIAXT, Inc.Technologyinventory 387 days, receivables 111436 days
9. 9ADMAADMA Biologics, Inc.Healthcareinventory 347 days, receivables 113422 days
10. 10BMRNBioMarin Pharmaceutical Inc.Healthcareinventory 661 days, receivables 103378 days
11. 11LLYLilly (Eli)Healthcareinventory 454 days, receivables 100376 days
12. 12ESTAEstablishment Labs Holdings Inc.Healthcareinventory 483 days, receivables 134374 days
13. 13ZBHZimmer BiometHealthcareinventory 335 days, receivables 76366 days
14. 14PENPenumbra, Inc.Healthcareinventory 342 days, receivables 49363 days
15. 15HALOHalozyme Therapeutics, Inc.Healthcareinventory 282 days, receivables 111360 days
16. 16GMEDGlobus Medical, Inc.Healthcareinventory 289 days, receivables 84336 days
17. 17VRTXVertex PharmaceuticalsHealthcareinventory 373 days, receivables 62333 days
18. 18ZTSZoetisHealthcareinventory 333 days, receivables 61327 days
19. 19BIIBBiogenHealthcareinventory 329 days, receivables 50313 days
20. 20DORMDorman Products, Inc.Consumer Cyclicalinventory 284 days, receivables 82311 days
21. 21ELANElanco Animal Health IncorporatedHealthcareinventory 299 days, receivables 68303 days
22. 22ACLSAxcelis Technologies, Inc.Technologyinventory 260 days, receivables 73300 days
23. 23FTAIFTAI Aviation Ltd.Industrialsinventory 323 days, receivables 31297 days
24. 24AXGNAxogen, Inc.Healthcareinventory 267 days, receivables 42292 days
25. 25EWEdwards LifesciencesHealthcareinventory 308 days, receivables 40286 days
26. 26RBCRBC Bearings IncorporatedIndustrialsinventory 268 days, receivables 66282 days
27. 27KLACKLA CorporationTechnologyinventory 247 days, receivables 68280 days
28. 28RYTMRhythm Pharmaceuticals, Inc.Healthcareinventory 482 days, receivables 50271 days
29. 29IPARInterparfums, Inc.Consumer Defensiveinventory 237 days, receivables 79264 days
30. 30VECOVeeco Instruments Inc.Technologyinventory 252 days, receivables 61262 days
31. 31ONDSOndas Inc.Technologyinventory 262 days, receivables 161257 days
32. 32ANETArista NetworksTechnologyinventory 253 days, receivables 77256 days
33. 33POWIPower Integrations, Inc.Technologyinventory 302 days, receivables 15255 days
34. 34SXTSensient Technologies CorporationBasic Materialsinventory 231 days, receivables 69253 days
35. 35TGTXTG Therapeutics, Inc.Healthcareinventory 455 days, receivables 181247 days
36. 36TDGTransDigm GroupIndustrialsinventory 217 days, receivables 67246 days
37. 37BIOBio-Rad Laboratories, Inc.Healthcareinventory 217 days, receivables 65245 days
38. 38OSISOSI Systems, Inc.Technologyinventory 132 days, receivables 179244 days
39. 39ARQTArcutis Biotherapeutics, Inc.Healthcareinventory 225 days, receivables 142242 days
40. 40AAOIApplied Optoelectronics, Inc.Technologyinventory 210 days, receivables 196241 days
41. 41INSMInsmed IncorporatedHealthcareinventory 392 days, receivables 85240 days
42. 42CTOSCustom Truck One Source, Inc.Industrialsinventory 222 days, receivables 37238 days
43. 43GRMNGarminConsumer Cyclicalinventory 216 days, receivables 63237 days
44. 44ONTOOnto Innovation Inc.Technologyinventory 215 days, receivables 98235 days
45. 45TXNTexas InstrumentsTechnologyinventory 231 days, receivables 41235 days
46. 46PMPhilip Morris InternationalConsumer Defensiveinventory 313 days, receivables 41234 days
47. 47BRKRBruker CorporationHealthcareinventory 215 days, receivables 58230 days
48. 48INDVIndivior Pharmaceuticals, Inc.Healthcareinventory 227 days, receivables 75230 days
49. 49HAEHaemonetics CorporationHealthcareinventory 205 days, receivables 59230 days
50. 50WATWaters CorporationHealthcareinventory 162 days, receivables 96228 days