A10 Network (ATEN)
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 | 49.92 | 53.38 | 42.57 | 50.15 | 50.07 |
| Days of sales outstanding (DSO) | days | 106.96 | 107.76 | 94.95 | 90.21 | 82.62 |
| Number of days of payables | days | 28.45 | 15.94 | 14.54 | 15.30 | 11.72 |
| Cash conversion cycle | days | 128.43 | 145.20 | 122.98 | 125.06 | 120.97 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 49.92 + 106.96 – 28.45
= 128.43
The cash conversion cycle of A10 Network has shown some fluctuations over the past five years. In December 2020, the cash conversion cycle was 120.97 days, which increased to 125.06 days by December 2021. Subsequently, it decreased to 122.98 days by December 2022. However, there was a significant increase to 145.20 days by December 2023, indicating a potential delay in converting company resources into cash during that period. The cycle improved slightly to 128.43 days by December 2024. Overall, the company's cash conversion cycle has experienced fluctuations, which may be indicative of changes in its operational efficiency and effectiveness in managing cash flow.
Peer comparison
Dec 31, 2024