Axon Enterprise Inc. (AXON)

Days of sales outstanding (DSO)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Receivables turnover		3.72	3.32	3.67	3.36	3.23	2.56	2.61	2.68	2.58	3.29	3.99	3.93	2.75	3.62	3.83	3.80	3.19	3.18	3.33	2.91
DSO	days	98.22	110.10	99.40	108.56	112.84	142.63	139.88	136.26	141.62	111.08	91.42	92.87	132.96	100.72	95.32	96.11	114.55	114.81	109.77	125.27

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.72
= 98.22

To analyze Axon Enterprise Inc's Days Sales Outstanding (DSO) trend, we compare the DSO figures from each quarter provided in the table. DSO measures the average number of days it takes for a company to collect its accounts receivable.

From Q1 2022 to Q4 2023, we observe fluctuations in DSO. There was a noticeable decrease in DSO from 142.51 days in Q3 2022 to 97.52 days in Q4 2023. This indicates an improvement in the efficiency of collecting receivables.

While some variability exists quarter to quarter, the general trend shows a decline in DSO over the periods. This suggests Axon Enterprise Inc has been able to manage its accounts receivable more effectively over time, potentially improving cash flow and overall financial performance.

It is important to further investigate the reasons behind these fluctuations and assess Axon's credit policies and collection processes to determine the effectiveness of their accounts receivable management strategies.