Godaddy Inc (GDDY)
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 | — | — | 117.21 | 122.52 | 133.42 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 0.00 | 117.21 | 122.52 | 133.42 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle of Godaddy Inc has shown a consistent improvement over the years, declining from 133.42 days as of December 31, 2020 to 117.21 days as of December 31, 2022. This trend indicates that the company has been managing its cash flow more efficiently, reducing the time it takes to convert its investments in inventory and accounts receivable into cash. The significant decrease to 0.00 days as of December 31, 2023 and 2024 suggests that the company may have streamlined its operations further, possibly through tighter inventory control or more prompt collection of receivables. Overall, a decreasing cash conversion cycle is a positive indicator of the company's liquidity and operational effectiveness.
Peer comparison
Dec 31, 2024