Agilent Technologies Inc (A)
Days of sales outstanding (DSO)
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 4.88 | 4.54 | 5.04 | 4.68 | 5.08 | |
| DSO | days | 74.84 | 80.39 | 72.46 | 78.04 | 71.81 |
October 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.88
= 74.84
The days of sales outstanding (DSO) for Agilent Technologies Inc. have fluctuated over the past five years. In fiscal year 2023, the DSO decreased to 68.96 days from 74.89 days in fiscal year 2022, indicating a more efficient collection of receivables. This improvement suggests that Agilent Technologies Inc. may have tightened its credit policies or experienced better customer payment behavior.
Comparing fiscal year 2023 to prior years, the DSO was slightly higher than in fiscal year 2021 but lower than fiscal years 2020 and 2019. This indicates a relatively stable collection period for sales, with minor fluctuations over the years.
Overall, the trend in the DSO for Agilent Technologies Inc. suggests a relatively efficient management of accounts receivable, with a moderate improvement in fiscal year 2023 compared to the previous year. The company may be effectively managing credit and collections, which can positively impact its cash flow and overall financial performance.
Peer comparison
Oct 31, 2023