Akamai Technologies Inc (AKAM)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.28 | 5.35 | 5.04 | 4.77 | 5.16 | |
| DSO | days | 69.09 | 68.27 | 72.35 | 76.46 | 70.70 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.28
= 69.09
Akamai Technologies Inc's Days Sales Outstanding (DSO) has shown variations over the past five years. In 2023, the DSO stands at 69.35 days, which is a slight increase from the previous year of 68.55 days. This uptick indicates that it takes slightly longer for the company to collect its accounts receivable in 2023 compared to 2022.
Looking back further, the DSO was 71.28 days in 2021 and 75.33 days in 2020. This indicates an improvement in the efficiency of the company's accounts receivable collection process over the past two years.
Overall, Akamai Technologies Inc's DSO fluctuated between 68.55 days and 75.33 days over the past five years, with some improvement in recent years. It is crucial for the company to effectively manage its accounts receivable to ensure timely collection and optimize cash flows.
Peer comparison
Dec 31, 2023