Calix Inc (CALX)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 99.21 | 84.25 | 88.45 | 87.04 | 93.25 | 111.89 | 115.71 | 123.87 | 125.91 | 129.43 | 98.88 | 112.69 | 100.50 | 86.10 | 90.70 | 89.65 | 69.57 | 58.72 | 53.86 | 46.16 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 99.21 | 84.25 | 88.45 | 87.04 | 93.25 | 111.89 | 115.71 | 123.87 | 125.91 | 129.43 | 98.88 | 112.69 | 100.50 | 86.10 | 90.70 | 89.65 | 69.57 | 58.72 | 53.86 | 46.16 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 99.21 + — – —
= 99.21
The cash conversion cycle of Calix Inc has fluctuated over the past few years. It measures the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.
From March 31, 2020, to June 30, 2022, the cash conversion cycle steadily increased from 46.16 days to 98.88 days, indicating a potentially worsening liquidity position. During this period, the company took longer to convert its resources into cash from sales.
However, there was a slight improvement in the cash conversion cycle from September 30, 2022, to June 30, 2024, where it decreased from 129.43 days to 88.45 days. This indicates that the company may have implemented strategies to manage its working capital more efficiently during this time.
Overall, it is important for Calix Inc to closely monitor and manage its cash conversion cycle to ensure optimal utilization of its resources and maintain a healthy liquidity position.
Peer comparison
Dec 31, 2024