TurnDays
Cash Conversion Cycle — Dechow Sloan and Soliman 2004
Profitability
Quick facts
| Factor ID | TurnDays |
| Display name | Cash Conversion Cycle |
| Family | Predictor |
| Category | Profitability |
| Direction | lower_expected_return |
| Status | supported |
| Paper | Dechow Sloan and Soliman 2004 |
| Source tables | — |
| Required fields | — |
| PIT required | yes |
| Coverage | 2010-04-27 – 2026-05-15 · 664,239 rows · 97.0% of panel |
Formula
turn_days from fina_indicator
China adaptation
No adaptation note.
Direction-adjusted cumulative return
Return metrics
| Metric | Value |
|---|---|
| Months in sample | 193 |
| Monthly mean | -0.0675% |
| Monthly std | 2.7026% |
| Annualized Sharpe | -0.09 |
| t-stat (simple) | -0.35 |
| Hit rate (months > 0) | 48.2% |
| Last 12M compounded | -7.76% |
| Cumulative wealth (start = 1) | 0.818 |
Recent 12 months
| Month | L/S return | Cumulative | Names |
|---|---|---|---|
| 2025-05 | -3.57% | 0.855 | 5024 |
| 2025-06 | -1.42% | 0.843 | 5034 |
| 2025-07 | -1.43% | 0.831 | 5035 |
| 2025-08 | -0.66% | 0.826 | 5048 |
| 2025-09 | +0.78% | 0.832 | 5056 |
| 2025-10 | -0.28% | 0.830 | 5057 |
| 2025-11 | -0.43% | 0.826 | 5061 |
| 2025-12 | +3.60% | 0.856 | 5075 |
| 2026-01 | -1.33% | 0.844 | 5074 |
| 2026-02 | +1.44% | 0.857 | 5079 |
| 2026-03 | -1.57% | 0.843 | 5080 |
| 2026-04 | -2.97% | 0.818 | 5082 |
Known data issues
None recorded.
Notes
None recorded.
See also: Profitability family, Factor library, Factor returns.