Apple Inc (AAPL)
Days of sales outstanding (DSO)
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 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 | 5.62 | 9.68 | 9.76 | |
| DSO | days | 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 | 64.95 | 37.71 | 37.38 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.66
= 47.66
Days of Sales Outstanding (DSO) is a financial ratio that measures the number of days it takes for a company to collect payment after making a sale. A lower DSO value indicates that a company is more efficient in collecting its accounts receivable, while a higher DSO value suggests slower collection.
Analyzing Apple Inc's DSO over the past few quarters, we observe a fluctuating trend. In the most recent quarter ending December 31, 2023, Apple's DSO stood at 47.66 days, showing an improvement compared to the previous quarter. This indicates that Apple was more effective in collecting payments from customers in the fourth quarter of 2023.
Looking back further, we see variations in Apple's DSO over the past few quarters. There were some quarters with relatively higher DSO values, such as the first quarter of 2021 and the third quarter of 2020, where Apple took more days to collect revenue from sales. Conversely, there were quarters with lower DSO values, such as the second quarter of 2022 and the fourth quarter of 2019, indicating better efficiency in collecting receivables during those periods.
Overall, Apple's DSO has shown some volatility, but the recent improvements suggest enhanced effectiveness in managing accounts receivable. It is important for investors and analysts to monitor DSO trends as it provides insights into a company's cash flow management and collection processes.
Peer comparison
Dec 31, 2023
See also:
Apple Inc Average Receivable Collection Period (Quarterly Data)