Axcelis Technologies Inc (ACLS)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 182.90 | 174.98 | 170.74 | 189.29 | 213.04 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 182.90 | 174.98 | 170.74 | 189.29 | 213.04 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 182.90 + — – —
= 182.90
The cash conversion cycle of Axcelis Technologies Inc has shown a decreasing trend from 213.04 days on December 31, 2020, to 182.90 days on December 31, 2024. This indicates that the company has been able to more efficiently convert its investments in inventory and accounts receivable into cash over the years. A decreasing cash conversion cycle is generally a positive sign as it signifies that the company is managing its working capital effectively and generating cash flow more efficiently. However, despite the improvement over the years, the company's cash conversion cycle experienced a slight increase from 170.74 days on December 31, 2022, to 174.98 days on December 31, 2023, which may warrant further investigation into the underlying factors driving this change. Overall, the decreasing trend in the cash conversion cycle indicates improved liquidity and operational efficiency for Axcelis Technologies Inc.
Peer comparison
Dec 31, 2024