Alkermes Plc (ALKS)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 4.05 | 4.93 | 3.82 | 3.71 | 3.75 | |
| DSO | days | 90.15 | 74.00 | 95.60 | 98.37 | 97.27 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.05
= 90.15
The Days Sales Outstanding (DSO) for Alkermes Plc has shown fluctuations over the years. Starting at 97.27 days on December 31, 2020, the DSO increased slightly to 98.37 days by December 31, 2021. However, the company managed to lower its DSO to 95.60 days by the end of December 2022. The most significant improvement was seen by December 31, 2023, with a substantial decrease to 74.00 days, indicating that Alkermes Plc was collecting its accounts receivable more efficiently. By December 31, 2024, the DSO increased slightly to 90.15 days, but it still remained lower compared to previous years. Overall, the trend suggests that Alkermes Plc has been effective in managing its accounts receivable turnover, with a notable improvement in 2023 leading to more efficient cash flow management.
Peer comparison
Dec 31, 2024