Artivion Inc (AORT)

Days of sales outstanding (DSO)

		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	Jun 30, 2019	Mar 31, 2019
Receivables turnover		4.47	4.57	4.38	4.44	4.26	4.69	4.65	5.12	5.14	5.21	5.26	5.08	5.19	5.16	5.34	5.32	4.94	5.00	4.39	4.94
DSO	days	81.74	79.78	83.40	82.12	85.63	77.82	78.42	71.30	70.97	70.09	69.39	71.81	70.27	70.75	68.33	68.55	73.81	73.01	83.14	73.86

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.47
= 81.74

Artivion Inc's Days of Sales Outstanding (DSO) have shown some variability over the past eight quarters. In the most recent quarter (Q4 2023), the DSO was 76.44 days, which is slightly higher compared to the previous quarter (Q3 2023) at 73.35 days. This indicates that the company took slightly longer to collect its accounts receivable in Q4 2023.

Looking further back, the DSO in Q4 2023 is lower than in Q4 2022, suggesting a slight improvement in the collection period over the year. However, it is important to note that the DSO has fluctuated within a relatively narrow range over the eight quarters, demonstrating some stability in the company's accounts receivable management.

Analyzing the trend, it appears that Artivion Inc has managed to maintain a consistent level of efficiency in collecting its receivables, with occasional fluctuations in the DSO metric. It may be beneficial for the company to continue monitoring and managing its accounts receivable effectively to ensure timely collections and optimize cash flow management.