Axon Enterprise Inc. (AXON)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.17 | 2.25 | 2.28 | 2.97 | 2.94 | |
| DOH | days | 115.13 | 162.00 | 160.20 | 123.02 | 124.06 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.17
= 115.13
The days of inventory on hand (DOH) for Axon Enterprise Inc. has shown some fluctuations over the years based on the provided data.
- As of December 31, 2020, the company had 124.06 days of inventory on hand, which indicates that it took approximately 124 days for the company to sell its inventory.
- By December 31, 2021, the DOH decreased slightly to 123.02 days, suggesting a relatively stable inventory turnover rate.
- However, there was a significant increase in the DOH by December 31, 2022, and 2023, reaching 160.20 and 162.00 days, respectively. This indicates a slowdown in inventory turnover, possibly due to issues such as overstocking or slower sales.
- The trend reversed by December 31, 2024, when the DOH decreased to 115.13 days, which could imply improved inventory management or an increase in sales efficiency during that period.
Overall, the fluctuation in the days of inventory on hand for Axon Enterprise Inc. reflects varying levels of inventory management effectiveness and may require further investigation to understand the underlying reasons for these changes in inventory turnover rates.
Peer comparison
Dec 31, 2024