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 286 days (Edwards Lifesciences).

1. 1ACMRACM Research, Inc.Technologyinventory 512 days, receivables 204716 days
2. 2MGNIMagnite, Inc.Communication Servicesinventory 0 days, receivables 666645 days
3. 3SUPNSupernus Pharmaceuticals, Inc.Healthcareinventory 551 days, receivables 95633 days
4. 4BF-ABrown-Forman CorporationConsumer Defensiveinventory 599 days, receivables 77626 days
5. 5OLEDUniversal Display CorporationTechnologyinventory 571 days, receivables 67583 days
6. 6IBRXImmunityBio, Inc.Healthcareinventory 441 days, receivables 137578 days
7. 7TVTXTravere Therapeutics, Inc.Healthcareinventory 1276 days, receivables 60461 days
8. 8ACADACADIA Pharmaceuticals Inc.Healthcareinventory 457 days, receivables 41453 days
9. 9AXTIAXT, Inc.Technologyinventory 387 days, receivables 111436 days
10. 10ADMAADMA Biologics, Inc.Healthcareinventory 347 days, receivables 113422 days
11. 11CHRNChronoScale CorporationTechnologyinventory 296 days, receivables 208416 days
12. 12BMRNBioMarin Pharmaceutical Inc.Healthcareinventory 661 days, receivables 103378 days
13. 13LLYLilly (Eli)Healthcareinventory 454 days, receivables 100376 days
14. 14ZBHZimmer BiometHealthcareinventory 335 days, receivables 76366 days
15. 15PENPenumbra, Inc.Healthcareinventory 342 days, receivables 49363 days
16. 16HALOHalozyme Therapeutics, Inc.Healthcareinventory 282 days, receivables 111360 days
17. 17GMEDGlobus Medical, Inc.Healthcareinventory 289 days, receivables 84336 days
18. 18VRTXVertex PharmaceuticalsHealthcareinventory 373 days, receivables 62333 days
19. 19ZTSZoetisHealthcareinventory 333 days, receivables 61327 days
20. 20BIIBBiogenHealthcareinventory 329 days, receivables 50313 days
21. 21DORMDorman Products, Inc.Consumer Cyclicalinventory 284 days, receivables 82311 days
22. 22ELANElanco Animal Health IncorporatedHealthcareinventory 299 days, receivables 68303 days
23. 23ACLSAxcelis Technologies, Inc.Technologyinventory 260 days, receivables 73300 days
24. 24FTAIFTAI Aviation Ltd.Industrialsinventory 323 days, receivables 31297 days
25. 25AXGNAxogen, Inc.Healthcareinventory 267 days, receivables 42292 days
26. 26EWEdwards LifesciencesHealthcareinventory 308 days, receivables 40286 days
27. 27RBCRBC Bearings IncorporatedIndustrialsinventory 268 days, receivables 66282 days
28. 28KLACKLA CorporationTechnologyinventory 247 days, receivables 68280 days
29. 29RYTMRhythm Pharmaceuticals, Inc.Healthcareinventory 482 days, receivables 50271 days
30. 30IPARInterparfums, Inc.Consumer Defensiveinventory 237 days, receivables 79264 days
31. 31VECOVeeco Instruments Inc.Technologyinventory 252 days, receivables 61262 days
32. 32ONDSOndas Inc.Technologyinventory 262 days, receivables 161257 days
33. 33ANETArista NetworksTechnologyinventory 253 days, receivables 77256 days
34. 34POWIPower Integrations, Inc.Technologyinventory 302 days, receivables 15255 days
35. 35SXTSensient Technologies CorporationBasic Materialsinventory 231 days, receivables 69253 days
36. 36TGTXTG Therapeutics, Inc.Healthcareinventory 455 days, receivables 181247 days
37. 37TDGTransDigm GroupIndustrialsinventory 217 days, receivables 67246 days
38. 38BIOBio-Rad Laboratories, Inc.Healthcareinventory 217 days, receivables 65245 days
39. 39OSISOSI Systems, Inc.Technologyinventory 132 days, receivables 179244 days
40. 40ARQTArcutis Biotherapeutics, Inc.Healthcareinventory 225 days, receivables 142242 days
41. 41AAOIApplied Optoelectronics, Inc.Technologyinventory 210 days, receivables 196241 days
42. 42INSMInsmed IncorporatedHealthcareinventory 392 days, receivables 85240 days
43. 43CTOSCustom Truck One Source, Inc.Industrialsinventory 222 days, receivables 37238 days
44. 44GRMNGarminConsumer Cyclicalinventory 216 days, receivables 63237 days
45. 45ONTOOnto Innovation Inc.Technologyinventory 215 days, receivables 98235 days
46. 46TXNTexas InstrumentsTechnologyinventory 231 days, receivables 41235 days
47. 47PMPhilip Morris InternationalConsumer Defensiveinventory 313 days, receivables 41234 days
48. 48BRKRBruker CorporationHealthcareinventory 215 days, receivables 58230 days
49. 49INDVIndivior Pharmaceuticals, Inc.Healthcareinventory 227 days, receivables 75230 days
50. 50HAEHaemonetics CorporationHealthcareinventory 205 days, receivables 59230 days