Gogo Inc (GOGO)
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 | 360.92 | 173.47 | 132.93 | 121.35 | 121.62 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 360.92 | 173.47 | 132.93 | 121.35 | 121.62 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 360.92 + — – —
= 360.92
The cash conversion cycle of Gogo Inc has shown fluctuating trends over the years. It decreased slightly from 121.62 days on December 31, 2020, to 121.35 days on December 31, 2021, indicating a more efficient conversion of resources into cash. However, there was a notable increase to 132.93 days by December 31, 2022, and a significant further rise to 173.47 days by December 31, 2023, suggesting potential challenges in managing cash flows and working capital. The most recent data point, December 31, 2024, reflects a substantial elongation of the cash conversion cycle to 360.92 days, which warrants careful scrutiny and potentially points towards delays in the conversion of inventory to receivables and then to cash.
Peer comparison
Dec 31, 2024