Analog Devices Inc (ADI)
Days of sales outstanding (DSO)
| Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | Nov 2, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 8.20 | 6.56 | 4.75 | 7.33 | 9.07 | |
| DSO | days | 44.50 | 55.63 | 76.83 | 49.76 | 40.23 |
October 28, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.20
= 44.50
Based on the provided data, we observe that Analog Devices Inc.'s days of sales outstanding (DSO) have fluctuated over the past five years. In fiscal year 2023, the DSO stood at 43.59 days, representing an improvement from the prior year's figure of 54.70 days. This suggests that the company's efficiency in collecting receivables from customers improved in the most recent fiscal period.
Comparing the DSO to fiscal year 2021, where it stood at 72.77 days, there was a substantial reduction in the number of days it took for the company to collect on its sales. However, it's worth noting that in fiscal year 2020, the DSO was 48.05 days, which is relatively closer to the 2023 figure.
The 2019 DSO of 38.70 days reflects a performance similar to the 2023 figure, indicating that the company had previously achieved a similar level of efficiency in receivables management. Overall, it is evident that there have been fluctuations in Analog Devices Inc.'s DSO over the past five years, with the most recent period showing an improvement in this aspect of its operations.
Peer comparison
Oct 28, 2023