Axon Enterprise Inc. (AXON)

Number of days of payables

		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
Payables turnover		12.56	11.70	13.60	14.20	14.56	16.23	12.87	16.88	26.08	30.15	100.72	32.90	23.82	24.52	12.64	14.98	17.06	25.80	39.75	34.98
Number of days of payables	days	29.05	31.19	26.84	25.71	25.08	22.48	28.36	21.62	13.99	12.11	3.62	11.10	15.32	14.88	28.89	24.36	21.40	14.15	9.18	10.44

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.56
= 29.05

Number of days of payables is a financial metric that measures the average number of days a company takes to pay its suppliers. Looking at the data for Axon Enterprise Inc over the past eight quarters, we can observe fluctuations in the number of days of payables.

In Q4 2023, the number of days of payables stood at 53.02 days, slightly below the level in the previous quarter. This indicates that the company took slightly fewer days to pay its suppliers in Q4 2023 compared to Q3 2023. However, it is important to note that the number of days of payables has generally been trending upwards over the past year, except for some fluctuations in between.

Comparing Q4 2023 with Q4 2022, we see an increase in the number of days of payables from 47.41 days to 53.02 days. This suggests that Axon Enterprise Inc is taking longer to pay its suppliers in the latest quarter compared to the same quarter the previous year.

Overall, the analysis of the number of days of payables for Axon Enterprise Inc indicates that the company's payment behavior towards its suppliers has been somewhat variable but has trended upwards over the past year. This could be due to changes in the company's procurement and payment processes, cash flow management, or supplier relationships. It is essential for investors and stakeholders to monitor this metric closely to assess the company's liquidity position and financial health.