Apple Inc (AAPL)
Days of sales outstanding (DSO)
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 5.90 | 8.91 | 9.23 | 7.66 | 6.24 | 9.73 | — | 7.09 | 6.42 | 9.11 | 8.44 | 5.76 | 7.05 | 10.18 | 9.79 | 4.98 | 7.27 | 8.47 | 8.66 | 6.63 | |
| DSO | days | 61.83 | 40.97 | 39.56 | 47.66 | 58.53 | 37.53 | — | 51.46 | 56.82 | 40.07 | 43.23 | 63.41 | 51.77 | 35.85 | 37.29 | 73.26 | 50.20 | 43.10 | 42.16 | 55.02 |
September 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.90
= 61.83
The Days of Sales Outstanding (DSO) is a key ratio that measures how long it takes for a company to collect its accounts receivable. A lower DSO indicates that a company is able to collect payments from its customers more quickly, which is generally favorable.
Analyzing Apple Inc's DSO over the past eight quarters, we observe some fluctuation in the metric. In the most recent quarter, ending on September 30, 2024, Apple's DSO stood at 61.83 days, indicating a longer collection period compared to the immediate prior quarter where the DSO was 40.97 days.
Looking further back, we can see that Apple's DSO has varied between 35.85 days to 73.26 days over the past eight quarters. In general, a downward trend in DSO is typically preferred as it suggests more efficient accounts receivable management and faster cash conversion.
It is important to note that seasonality and industry-specific factors can influence DSO. For Apple Inc, managing DSO effectively is crucial for maintaining healthy cash flows and liquidity. Further monitoring and analysis of DSO trends will be essential to evaluate the company's ability to efficiently collect payments from its customers in the future.
Peer comparison
Sep 30, 2024
See also:
Apple Inc Average Receivable Collection Period (Quarterly Data)