Axcelis Technologies Inc (ACLS)
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 | 5.19 | 5.65 | 6.43 | 5.12 | 5.42 | 4.94 | 5.52 | 6.16 | 6.34 | 7.40 | 6.44 | 6.43 | 5.46 | 10.19 | 6.46 | 5.77 | 4.09 | 6.95 | 5.89 | 5.81 | |
| DSO | days | 70.37 | 64.62 | 56.79 | 71.31 | 67.36 | 73.84 | 66.08 | 59.23 | 57.53 | 49.34 | 56.63 | 56.75 | 66.81 | 35.83 | 56.53 | 63.29 | 89.14 | 52.51 | 61.97 | 62.87 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.19
= 70.37
To analyze Axcelis Technologies Inc's days of sales outstanding (DSO) trend, we first observe that DSO is a measure of how long it takes a company to collect cash from its sales. A lower DSO indicates that the company is collecting payments more quickly, which is generally positive.
Looking at the data provided, we can see that in Q4 2023, Axcelis Technologies Inc's DSO was 70.37 days, which is an increase from the previous quarter's DSO of 64.62 days in Q3 2023. This suggests that the company took longer to collect payments from its customers in Q4 2023 compared to the previous quarter.
Furthermore, comparing Q4 2023 to the same quarter in the previous year (Q4 2022), we see that DSO has increased from 67.36 days to 70.37 days. This indicates a worsening trend in the efficiency of receivables collection over the year.
In a broader context, examining the DSO trend over multiple quarters reveals some fluctuations. However, the general trend shows an increase in DSO, indicating a longer collection period for sales. This could be a concern as it may point to potential issues with customer payment delays or credit terms, impacting the company's cash flow and liquidity.
Overall, the analysis of Axcelis Technologies Inc's DSO suggests a trend of increasing days of sales outstanding, which warrants further investigation to address any underlying issues affecting the company's receivables management.
Peer comparison
Dec 31, 2023