Operating Cycle

An operating cycle is the time it takes to complete a product.

If your factory can make a bicycle in 3 hours, your operating cycle would be 3 hours. If you make wine that has to age, your operating cycle would be the time it takes to start, finish, and age a bottle of wine.

https://accounting.uworld.com/cpa-review/lc/accounting-dictionary/term/operating-cycle/