Alkermes Plc (ALKS)

Days of sales outstanding (DSO)

		Jun 30, 2024	Mar 31, 2024	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
Receivables turnover		4.06	5.39	4.93	4.65	4.32	4.11	3.82	4.36	4.73	4.76	3.71	3.88	3.67	4.26	3.75	4.37	4.84	4.78	4.50	4.23
DSO	days	89.80	67.74	74.00	78.53	84.58	88.87	95.60	83.77	77.12	76.60	98.37	94.17	99.36	85.76	97.27	83.54	75.39	76.30	81.14	86.35

June 30, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.06
= 89.80

The Days Sales Outstanding (DSO) ratio for Alkermes Plc has shown some fluctuation over the past several quarters.

In the most recent quarter ending on June 30, 2024, the DSO was 89.80 days, which denotes the average number of days it takes for the company to collect its accounts receivable. This figure was higher compared to the previous quarter's DSO of 67.74 days, indicating a potential delay in collecting receivables.

Looking further back, the trend in DSO shows variability, with some quarters exhibiting higher DSO figures (such as 99.36 days in Mar 31, 2021) while others show comparatively lower figures (like 75.39 days in Sep 30, 2020).

Overall, a higher DSO value could suggest inefficiencies in the company's collections process, potentially impacting cash flow and liquidity. However, it is essential to consider industry norms and the company's specific business model before making definitive conclusions about the DSO ratio's impact on financial performance.