Artivion Inc (AORT)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		4.47	4.21	5.14	5.19	4.94
DSO	days	81.73	86.75	70.97	70.27	73.81

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.47
= 81.73

The Days of Sales Outstanding (DSO) measures the average number of days it takes a company to collect payments from its customers after making a sale. A lower DSO indicates that the company is collecting payments more quickly, while a higher DSO suggests slower collections.

Analyzing Artivion Inc's DSO over the past five years, we observe a fluctuating trend:
- In 2023, the DSO decreased to 76.44 days, showing a slight improvement from the previous year.
- In 2022, the DSO was 80.94 days, indicating that it took the company longer to collect payments compared to 2021.
- In 2021, the DSO decreased to 70.97 days, suggesting more efficient collections compared to the preceding year.
- In 2020, the DSO was 70.27 days, relatively stable compared to the previous year.
- In 2019, the DSO was 73.81 days, indicating a longer collection period compared to 2020.

Overall, Artivion Inc's DSO has shown variability over the past five years, with some fluctuations in collection efficiency. It is important for the company to monitor its DSO consistently to ensure effective cash flow management and timely collection of receivables. Further analysis and comparison with industry benchmarks may provide additional insights into the effectiveness of Artivion Inc's credit and collection policies.