Appfolio Inc (APPF)
Cash conversion cycle
| 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 11.15 | 12.16 | 12.86 | 14.04 | 16.12 | 12.86 | 13.64 | 12.58 | 12.73 | 12.23 | 14.23 | 15.26 | 12.77 | 13.22 | 16.88 | 14.50 | 11.91 | 11.35 | 16.10 | 13.01 |
| Number of days of payables | days | 1.73 | 0.40 | 0.95 | 1.19 | 0.84 | 1.05 | 1.22 | 0.56 | 2.10 | 1.30 | 1.32 | 5.78 | 2.23 | 3.50 | 3.53 | 3.43 | 1.65 | 5.86 | 5.90 | 4.55 |
| Cash conversion cycle | days | 9.41 | 11.77 | 11.91 | 12.86 | 15.28 | 11.81 | 12.42 | 12.02 | 10.63 | 10.92 | 12.91 | 9.48 | 10.55 | 9.72 | 13.35 | 11.07 | 10.26 | 5.49 | 10.20 | 8.46 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + 11.15 – 1.73
= 9.41
The cash conversion cycle of Appfolio Inc has exhibited fluctuations over the period covered in the data. It started at 8.46 days on March 31, 2020, increased to 13.35 days on June 30, 2021, and then declined to 9.41 days on December 31, 2024. This metric represents the time it takes for a company to convert its investments in inventory and other resources into cash inflows from sales. A lower cash conversion cycle is generally more favorable as it indicates that the company is efficiently managing its working capital and generating cash quickly from its operations. However, it's important to consider the industry norms and business model of Appfolio Inc when interpreting these figures to assess the effectiveness of its cash management strategies.
Peer comparison
Dec 31, 2024