Axon Enterprise Inc. (AXON)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.18 | 2.87 | 2.62 | 2.47 | 2.25 | 2.19 | 2.12 | 2.27 | 2.28 | 2.39 | 2.48 | 2.88 | 2.97 | 3.48 | 3.33 | 3.10 | 2.94 | 2.65 | 2.98 | 5.01 | |
| DOH | days | 114.76 | 126.96 | 139.33 | 147.86 | 162.00 | 166.50 | 171.88 | 160.94 | 160.20 | 152.80 | 147.32 | 126.84 | 123.02 | 104.83 | 109.58 | 117.81 | 124.06 | 137.53 | 122.43 | 72.81 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.18
= 114.76
The Days of Inventory on Hand (DOH) for Axon Enterprise Inc. have shown varying trends over the past few years. The data indicates that the company had an increasing trend in DOH from March 31, 2020, to September 30, 2022, reaching a peak of 152.80 days. This may suggest potential issues with inventory management efficiency or possible overstocking during this period.
However, from September 30, 2022, to December 31, 2024, there has been a decreasing trend in DOH, with the metric dropping to 114.76 days by the end of December 31, 2024. This decline in DOH could indicate improvements in inventory management practices, such as better forecasting or inventory turnover.
It is essential for investors and stakeholders to monitor DOH closely as it can reflect the company's ability to efficiently manage inventory levels, reduce carrying costs, and optimize working capital. High DOH values could tie up cash in excess inventory, while low values may point to potential stockouts or lost sales opportunities. Further analysis of Axon Enterprise Inc.'s operational performance and supply chain management practices would provide deeper insights into the implications of these DOH trends on the company's financial health and overall performance.
Peer comparison
Dec 31, 2024
See also:
Axon Enterprise Inc. Average Inventory Processing Period (Quarterly Data)