Paid before they pay

A negative cash conversion cycle: customers pay before the suppliers have to be paid, so growth funds itself.

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 50 days (O’Reilly Automotive).

1. 1APLDApplied Digital CorporationTechnologypays suppliers in 364 days, collects in 34330 days
2. 2AZOAutoZoneConsumer Cyclicalpays suppliers in 327 days, collects in 13314 days
3. 3APPAppLovinTechnologypays suppliers in 410 days, collects in 121289 days
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. 10BCRXBioCryst Pharmaceuticals, Inc.Healthcarepays suppliers in 303 days, collects in 45155 days
11. 11CARGCarGurus, Inc.Consumer Cyclicalpays suppliers in 162 days, collects in 17145 days
12. 12RGTIRigetti Computing, Inc.Technologypays suppliers in 253 days, collects in 131122 days
13. 13RAMPLiveRamp Holdings, Inc.Technologypays suppliers in 199 days, collects in 96103 days
14. 14HNGEHinge Health, Inc.Healthcarepays suppliers in 175 days, collects in 4186 days
15. 15MELIMercadoLibre, Inc.Consumer Cyclicalpays suppliers in 103 days, collects in 585 days
16. 16VRSKVerisk AnalyticsIndustrialspays suppliers in 126 days, collects in 5076 days
17. 17AAPLApple Inc.Technologypays suppliers in 115 days, collects in 3571 days
18. 18SCIService Corporation InternationalConsumer Cyclicalpays suppliers in 79 days, collects in 966 days
19. 19BBIOBridgeBio Pharma, Inc.Healthcarepays suppliers in 631 days, collects in 10164 days
20. 20CPNGCoupang, Inc.Consumer Cyclicalpays suppliers in 94 days, collects in 457 days
21. 21GAPThe Gap, Inc.Consumer Cyclicalpays suppliers in 63 days, collects in 855 days
22. 22METAMeta PlatformsCommunication Servicespays suppliers in 90 days, collects in 3654 days
23. 23MSFTMicrosoft CorporationTechnologypays suppliers in 146 days, collects in 8952 days
24. 24AMZNAmazonConsumer Cyclicalpays suppliers in 125 days, collects in 3551 days
25. 25DDSDillard's, Inc.Consumer Cyclicalpays suppliers in 53 days, collects in 251 days
26. 26ORLYO’Reilly AutomotiveConsumer Cyclicalpays suppliers in 301 days, collects in 850 days
27. 27BABoeingIndustrialspays suppliers in 56 days, collects in 1244 days
28. 28LUMNLumen Technologies, Inc.Communication Servicespays suppliers in 83 days, collects in 3944 days
29. 29FCXFreeport-McMoRanBasic Materialspays suppliers in 58 days, collects in 1444 days
30. 30WWayfair Inc.Consumer Cyclicalpays suppliers in 51 days, collects in 444 days
31. 31HPQHP Inc.Technologypays suppliers in 150 days, collects in 3842 days
32. 32PGProcter & GambleConsumer Defensivepays suppliers in 135 days, collects in 2741 days
33. 33NTNXNutanix, Inc.Technologypays suppliers in 89 days, collects in 4940 days
34. 34MDLZMondelez InternationalConsumer Defensivepays suppliers in 134 days, collects in 3739 days
35. 35DELLDell TechnologiesTechnologypays suppliers in 135 days, collects in 5737 days
36. 36MRNAModernaHealthcarepays suppliers in 133 days, collects in 3534 days
37. 37HIMSHims & Hers Health, Inc.Healthcarepays suppliers in 85 days, collects in 533 days
38. 38PLNTPlanet Fitness, Inc.Consumer Cyclicalpays suppliers in 63 days, collects in 1932 days
39. 39RHRHConsumer Cyclicalpays suppliers in 38 days, collects in 731 days
40. 40ASANAsana, Inc.Technologypays suppliers in 79 days, collects in 5128 days
41. 41TEAMAtlassian CorporationTechnologypays suppliers in 96 days, collects in 7126 days
42. 42KMBKimberly-ClarkConsumer Defensivepays suppliers in 118 days, collects in 4224 days
43. 43ULTAUlta BeautyConsumer Cyclicalpays suppliers in 33 days, collects in 924 days
44. 44KDPKeurig Dr PepperConsumer Defensivepays suppliers in 144 days, collects in 3724 days
45. 45ADBEAdobe Inc.Technologypays suppliers in 60 days, collects in 3624 days
46. 46EBAYeBay Inc.Consumer Cyclicalpays suppliers in 28 days, collects in 423 days
47. 47GISGeneral MillsConsumer Defensivepays suppliers in 111 days, collects in 3321 days
48. 48AMCRAmcorBasic Materialspays suppliers in 105 days, collects in 8321 days
49. 49RCLRoyal Caribbean GroupConsumer Cyclicalpays suppliers in 38 days, collects in 721 days
50. 50RDDTReddit, Inc.Communication Servicespays suppliers in 118 days, collects in 9821 days