Advanced Energy Industries Inc (AEIS)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.80 | 6.13 | 134.70 | 293.39 | — | |
| DSO | days | 62.90 | 59.56 | 2.71 | 1.24 | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.80
= 62.90
Based on the data provided, the days of sales outstanding (DSO) for Advanced Energy Industries Inc. have shown varying trends over the past five years. In 2023, the DSO stands at 62.26 days, slightly higher than the previous year's figure of 59.47 days. In 2021 and 2020, the DSO was 62.17 days and 61.87 days, respectively, indicating relatively stable collection periods during those years.
A notable improvement in the company's DSO can be observed when comparing the 2023 figure to that of 2019, where the DSO was significantly higher at 116.03 days. This suggests that Advanced Energy Industries Inc. has made progress in managing its accounts receivable and collecting sales more efficiently over the last few years.
Overall, while there has been some fluctuation in the DSO, the recent trend indicates a better management of receivables, potentially leading to improved cash flow and liquidity for the company. However, it would be important to monitor this ratio consistently to ensure that the company maintains its efficient collection practices in the future.
Peer comparison
Dec 31, 2023