Axon Enterprise Inc. (AXON)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 115.13 | 162.00 | 160.20 | 123.02 | 124.06 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 115.13 | 162.00 | 160.20 | 123.02 | 124.06 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 115.13 + — – —
= 115.13
The cash conversion cycle for Axon Enterprise Inc. has shown varying trends over the past years. As of December 31, 2020, the company's cash conversion cycle was 124.06 days, which decreased slightly to 123.02 days by December 31, 2021. However, there was a significant increase in the cash conversion cycle to 160.20 days as of December 31, 2022, and further increased to 162.00 days by December 31, 2023.
The year 2024 saw a notable improvement in the cash conversion cycle, with a decrease to 115.13 days. Overall, fluctuations in the cash conversion cycle can indicate changes in the efficiency of Axon Enterprise Inc.'s working capital management and its ability to convert inventory and receivables into cash. Further analysis of the underlying factors driving these changes would provide more insights into the company's financial performance and operational efficiency.
Peer comparison
Dec 31, 2024