Appfolio Inc (APPF)

Days of sales outstanding (DSO)

		Dec 31, 2024	Sep 30, 2024	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
Receivables turnover		32.74	30.01	28.39	25.99	22.65	28.38	26.76	29.00	28.67	29.86	25.64	23.91	28.57	27.61	21.63	25.17	30.65	32.15	22.67	28.05
DSO	days	11.15	12.16	12.86	14.04	16.12	12.86	13.64	12.58	12.73	12.23	14.23	15.26	12.77	13.22	16.88	14.50	11.91	11.35	16.10	13.01

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 32.74
= 11.15

The Days Sales Outstanding (DSO) ratio is a measure of how efficiently a company is able to collect its accounts receivable. A lower DSO indicates that a company is collecting payments from customers more quickly, which can improve cash flow and liquidity.

Analyzing the DSO trend for Appfolio Inc from March 31, 2020, to December 31, 2024, we observe fluctuations in the number of days it takes the company to collect its receivables.

The DSO ranged from a low of 11.15 days on December 31, 2024, to a high of 16.88 days on June 30, 2021. Over this period, the company maintained a relatively consistent DSO performance, with minor fluctuations from quarter to quarter.

The average DSO for Appfolio Inc over the period was approximately 13.37 days, indicating that, on average, the company takes about 13 days to collect its accounts receivable.

Overall, the trend in Appfolio Inc's DSO suggests that the company has been managing its accounts receivable effectively, with a relatively stable collection period over the analyzed time frame. The lower DSO values indicate efficient collection practices and good liquidity management.