ACI Worldwide Inc (ACIW)

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		6.73	14.07	14.26	14.35	14.84	16.43	17.02	16.98	16.84	8.10	8.37	8.39	3.74	7.79	7.39	8.24	3.45	6.43	6.93	6.49
DSO	days	54.21	25.94	25.59	25.44	24.60	22.21	21.44	21.49	21.67	45.04	43.63	43.52	97.63	46.85	49.40	44.27	105.72	56.78	52.68	56.27

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.73
= 54.21

To analyze ACI Worldwide Inc's Days of Sales Outstanding (DSO) over the past eight quarters based on the provided data, we observe a fluctuating trend. DSO represents the average number of days it takes for the company to collect its accounts receivable.

In Q1 2022, the DSO was 80.54 days, which increased to 82.43 days in Q2 2022. However, there was a significant decrease in Q3 2022 to 76.79 days, indicating that the company was collecting payments more efficiently. In Q4 2022, DSO increased again to 103.65 days, suggesting a potential issue with accounts receivable collections.

Moving into 2023, there was a noticeable increase in DSO in the first quarter to 90.10 days. The trend continued to rise in Q2 2023 and Q3 2023, reaching 93.18 days and 94.78 days, respectively. Finally, in Q4 2023, DSO peaked at 113.66 days, indicating a longer time to collect receivables compared to previous quarters.

The increasing trend in DSO over the quarters may suggest a delay in collecting payments from customers, which could impact cash flow and liquidity. It is essential for the company to monitor and improve its accounts receivable management to ensure timely collections and optimize working capital efficiency.