Appfolio Inc (APPF)
Cash conversion cycle
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 19.15 | 13.83 | 13.77 | 12.16 | 11.19 | 12.25 | 12.99 | 14.22 | 12.18 | 12.98 | 13.74 | 12.65 | 12.77 | 12.25 | 14.26 | 15.29 | 12.79 | 13.23 | 16.84 | 14.44 |
| Number of days of payables | days | 4.36 | 4.46 | 3.75 | 5.87 | 2.92 | 0.67 | 1.71 | 2.22 | 1.75 | 2.17 | 2.60 | 1.32 | 4.71 | 3.05 | 2.90 | 11.40 | 4.32 | 6.75 | 6.83 | 6.69 |
| Cash conversion cycle | days | 14.80 | 9.37 | 10.02 | 6.29 | 8.27 | 11.58 | 11.28 | 12.00 | 10.43 | 10.81 | 11.14 | 11.33 | 8.06 | 9.20 | 11.36 | 3.89 | 8.47 | 6.47 | 10.01 | 7.75 |
December 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + 19.15 – 4.36
= 14.80
Peer comparison
Dec 31, 2025
Company name
Symbol
Cash conversion cycle
Appfolio Inc
APPF
14.80
Adobe Systems Incorporated
ADBE
-22.82
Bentley Systems Inc
BSY
42.39
Fair Isaac Corporation
FICO
-54.61
Guidewire Software Inc
GWRE
59.31
Manhattan Associates Inc
MANH
58.54
PTC Inc
PTC
133.39
Q2 Holdings
QTWO
27.22
Roper Technologies, Inc.
ROP
48.64
ServiceNow Inc
NOW
47.25