Arrow's ESG and Financial Overview
Working capital
12.3
Net Working Capital ($B)
12.2
10.7
7.2
7.4
7.4
5.3
5.8
5.2
10.5
Q4'22
120
60
9.1
10.1
Q3 '23
Q4'23
Cash Conversion (Days)
114
99
66
142
121
75
84
69
64
112
Q4'22
Q3 '23
Inventory
Turns:
6.1
4.8
MGW
147
Q4'23
5.3
Accounts
Receivable
Inventory
Accounts
Payable
Net Working
Capital
Days Sales
Outstanding
Days Inventory
Outstanding
Days Payable
Outstanding
Cash Conversion
Cycle
Non-GAAP Return on Working Capital
(ROWC)1 was 19.8% in the fourth quarter,
down 990 basis points year on year. The
decrease in ROWC related primarily to lower
operating income in global components, in
addition to higher working capital levels.
Non-GAAP Return on Invested Capital
(ROIC)¹ was 12.0% in the fourth quarter, down
580 basis points year on year. The decrease in
ROIC related primarily to lower operating
income in global components.
¹See reconciliation to comparable GAAP figures in the tables at the end of this presentation
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