Appfolio Inc (APPF)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 32.62 | 22.65 | 28.92 | 28.60 | 49.31 | |
| DSO | days | 11.19 | 16.12 | 12.62 | 12.76 | 7.40 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 32.62
= 11.19
Based on the data provided, Appfolio Inc's Days Sales Outstanding (DSO) has shown fluctuations over the past five years. In December 2020, the DSO was at a low of 7.40 days, indicating that the company was efficient in collecting payments from its customers.
However, by December 2023, the DSO had increased to 16.12 days, which suggests that it took the company a longer time to collect its outstanding accounts receivable. This increase may be indicative of potential issues with customer payment delays or credit policies.
In the most recent year, December 2024, the DSO decreased to 11.19 days, showing some improvement in the company's collection efficiency compared to the previous year. It is important for Appfolio Inc to closely monitor its DSO and strive to keep it at an optimal level to ensure healthy cash flow and financial stability.
Peer comparison
Dec 31, 2024