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Uber shows strong financial management with a 33-day DSO, minimal DIO, and 16-day DPO, resulting in an efficient cash conversion cycle. Conversely, Lyft’s aggressive -15-day CCC is offset by a 49-day DSO and 103-day DIO.

The auto industry boasted $104B in revenue, achieved a 14% improvement in CCC to -19 days, maintained a stable DSO at 46 days, reduced DIO by 11% to 33 days, and averaged 58-day payment terms.

Apple’s treasury management is a model of efficiency, boasting $100Bn in free cash flow and a stellar debt-to-equity ratio of 0.81. With 63.8% of its sales from overseas in 2023, Apple skillfully hedges 96% of these using FECs to mitigate forex risks. Despite a challenging year with a 2.8% drop in net sales, Apple’s liquidity ratios have declined, yet its proactive financial strategies continue to demonstrate robustness in managing $145Bn in liabilities and maintaining market leadership.