Axcelis Technologies Inc (ACLS)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.19 | 5.42 | 6.34 | 5.46 | 4.09 | |
| DSO | days | 70.37 | 67.36 | 57.53 | 66.81 | 89.14 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.19
= 70.37
The Days of Sales Outstanding (DSO) for Axcelis Technologies Inc have fluctuated over the past five years. In 2023, the DSO stood at 70.37 days, showing an increase from the previous year's 67.36 days. This indicates that it took the company approximately 70.37 days to collect its accounts receivable in 2023.
Compared to 2021 when the DSO was 57.53 days, the current DSO for 2023 is higher, suggesting that Axcelis Technologies took longer to collect its receivables in the most recent year.
While the DSO has shown variability, it is essential for the company to monitor this metric closely as a higher DSO could potentially signify issues with collections efficiency, credit policies, or customer payment behaviors. Companies often aim to lower their DSO to improve cash flow and overall financial health.
Peer comparison
Dec 31, 2023