Cash Flow Bridge & Working Capital P&L Impact

Crestwood Infrastructure Partners — Q1–Q3 FY2024 Actuals

FCF Conversion Rate
67.3%
-8.4pp vs Q2
Cash Conversion Cycle
42 days
+6 days MoM
DSO (Current)
48 days
Target: 35d
DPO (Current)
34 days
+2 days MoM
WC / Monthly Rev
41.2%
+3.8pp
Capex / OCF
32.1%
M9 spike: 44%

Accrual-to-Cash Bridge (Latest Month)

Cash Conversion Cycle — 9-Month Trend

AR Aging Distribution (Current Month)

Working Capital Component Movement (Latest Month)

Component Opening Bal Closing Bal Change ($) Impact on OCF Action Priority
Accounts Receivable $6,420K $7,130K +$710K -$710K Critical
Inventory / WIP $1,830K $1,940K +$110K -$110K High
Accounts Payable $2,210K $2,380K +$170K +$170K On Track
Deferred Revenue $3,420K $3,180K -$240K -$240K Critical
Accrued Expenses $840K $890K +$50K +$50K Low
Prepaid Assets $380K $410K +$30K -$30K Low
NET WORKING CAPITAL DRAG +$630K -$870K

DSO vs. DPO Monthly Comparison

EBITDA vs. Operating Cash Flow Divergence

Capex vs. OCF Ratio

Inventory / WIP Turn (Days)

Deferred Revenue Trend

Cash Release Opportunity Matrix

Quick Win
Strategic
Optimize
Monitor

13-Week Rolling Cash Forecast

Top 3 Cash Release Actions

Accelerate $2.1M Enterprise Milestone
Timeline: 14 days | Impact: +$2.1M cash, -13d DSO
Status: Client procurement review complete, invoice release scheduled W1.
Inventory WIP Review & Close-Out
Timeline: 30 days | Impact: +$420K cash, -3d DIO
Status: 6 projects in final punch-list phase, billings pending acceptance.
Extend DPO to 40d (Vendor Negotiations)
Timeline: 45 days | Impact: +$310K cash, +6d DPO
Status: In negotiation with top 4 vendors representing 62% of AP spend.
Crestwood Infrastructure Partners — Cash Flow Bridge Dashboard — FY2024 Q3 Actuals — Last Updated: Oct 15, 2024