Axon Enterprise Inc. (AXON)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.56 | 14.56 | 26.08 | 23.83 | 17.01 | |
| Number of days of payables | days | 29.05 | 25.08 | 13.99 | 15.32 | 21.46 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.56
= 29.05
The number of days of payables for Axon Enterprise Inc has shown an increasing trend over the past five years, from 42.24 days in 2019 to 53.02 days in 2023. This indicates that the company is taking longer to pay its suppliers, which could be due to various reasons such as changes in the company's payment terms or delays in processing invoices. A higher number of days of payables can sometimes indicate liquidity issues or strained relationships with suppliers, as the company is essentially using their suppliers' funds for a longer period of time. It is important for Axon Enterprise Inc to carefully monitor and manage their payables to ensure healthy relationships with suppliers and maintain their financial stability.
Peer comparison
Dec 31, 2023