Paid before they pay

A negative cash conversion cycle: customers pay before the suppliers have to be paid.

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

Technology takes 4 of the top ten places. Applied Digital Corporation leads at 330 days, and the middle of the list sits at 44 days (Lumen Technologies, Inc.).

1. #1TechnologyAPLDApplied Digital Corporation330 dayspays suppliers in 364 days, collects in 34
2. #2Consumer CyclicalAZOAutoZone314 dayspays suppliers in 327 days, collects in 13
3. #3TechnologyAPPAppLovin289 dayspays suppliers in 410 days, collects in 121

4. 4UNHUnitedHealth GroupHealthcarepays suppliers in 274 days, collects in 19232 days
5. 5CRWVCoreWeave, Inc.Technologypays suppliers in 408 days, collects in 225182 days
6. 6YUMYum! BrandsConsumer Cyclicalpays suppliers in 211 days, collects in 37173 days
7. 7OMCOmnicom GroupCommunication Servicespays suppliers in 477 days, collects in 304173 days
8. 8ADSKAutodeskTechnologypays suppliers in 237 days, collects in 73164 days
9. 9COTYCoty Inc.Consumer Defensivepays suppliers in 333 days, collects in 33160 days
10. 10CARGCarGurus, Inc.Consumer Cyclicalpays suppliers in 162 days, collects in 17145 days
11. 11RGTIRigetti Computing, Inc.Technologypays suppliers in 253 days, collects in 131122 days
12. 12HNGEHinge Health, Inc.Healthcarepays suppliers in 175 days, collects in 4186 days
13. 13MELIMercadoLibre, Inc.Consumer Cyclicalpays suppliers in 103 days, collects in 585 days
14. 14VRSKVerisk AnalyticsIndustrialspays suppliers in 126 days, collects in 5076 days
15. 15AAPLApple Inc.Technologypays suppliers in 115 days, collects in 3571 days
16. 16SCIService Corporation InternationalConsumer Cyclicalpays suppliers in 79 days, collects in 966 days
17. 17BBIOBridgeBio Pharma, Inc.Healthcarepays suppliers in 631 days, collects in 10164 days
18. 18CPNGCoupang, Inc.Consumer Cyclicalpays suppliers in 94 days, collects in 457 days
19. 19GAPThe Gap, Inc.Consumer Cyclicalpays suppliers in 63 days, collects in 855 days
20. 20METAMeta PlatformsCommunication Servicespays suppliers in 90 days, collects in 3654 days
21. 21MSFTMicrosoft CorporationTechnologypays suppliers in 146 days, collects in 8952 days
22. 22AMZNAmazonConsumer Cyclicalpays suppliers in 125 days, collects in 3551 days
23. 23DDSDillard's, Inc.Consumer Cyclicalpays suppliers in 53 days, collects in 251 days
24. 24ORLYO’Reilly AutomotiveConsumer Cyclicalpays suppliers in 301 days, collects in 850 days
25. 25BABoeingIndustrialspays suppliers in 56 days, collects in 1244 days
26. 26LUMNLumen Technologies, Inc.Communication Servicespays suppliers in 83 days, collects in 3944 days
27. 27FCXFreeport-McMoRanBasic Materialspays suppliers in 58 days, collects in 1444 days
28. 28WWayfair Inc.Consumer Cyclicalpays suppliers in 51 days, collects in 444 days
29. 29HPQHP Inc.Technologypays suppliers in 150 days, collects in 3842 days
30. 30PGProcter & GambleConsumer Defensivepays suppliers in 135 days, collects in 2741 days
31. 31NTNXNutanix, Inc.Technologypays suppliers in 89 days, collects in 4940 days
32. 32MDLZMondelez InternationalConsumer Defensivepays suppliers in 134 days, collects in 3739 days
33. 33DELLDell TechnologiesTechnologypays suppliers in 135 days, collects in 5737 days
34. 34MRNAModernaHealthcarepays suppliers in 133 days, collects in 3534 days
35. 35HIMSHims & Hers Health, Inc.Healthcarepays suppliers in 85 days, collects in 533 days
36. 36PLNTPlanet Fitness, Inc.Consumer Cyclicalpays suppliers in 63 days, collects in 1932 days
37. 37RHRHConsumer Cyclicalpays suppliers in 38 days, collects in 731 days
38. 38ASANAsana, Inc.Technologypays suppliers in 79 days, collects in 5128 days
39. 39TEAMAtlassian CorporationTechnologypays suppliers in 96 days, collects in 7126 days
40. 40KMBKimberly-ClarkConsumer Defensivepays suppliers in 118 days, collects in 4224 days
41. 41ULTAUlta BeautyConsumer Cyclicalpays suppliers in 33 days, collects in 924 days
42. 42KDPKeurig Dr PepperConsumer Defensivepays suppliers in 144 days, collects in 3724 days
43. 43ADBEAdobe Inc.Technologypays suppliers in 60 days, collects in 3624 days
44. 44EBAYeBay Inc.Consumer Cyclicalpays suppliers in 28 days, collects in 423 days
45. 45GISGeneral MillsConsumer Defensivepays suppliers in 111 days, collects in 3321 days
46. 46AMCRAmcorBasic Materialspays suppliers in 105 days, collects in 8321 days
47. 47RCLRoyal Caribbean GroupConsumer Cyclicalpays suppliers in 38 days, collects in 721 days
48. 48RDDTReddit, Inc.Communication Servicespays suppliers in 118 days, collects in 9821 days
49. 49CVSACovista Inc.Consumer Defensivepays suppliers in 50 days, collects in 2920 days
50. 50HRBH&R Block, Inc.Consumer Cyclicalpays suppliers in 25 days, collects in 619 days