A10 Network (ATEN)

Days of sales outstanding (DSO)

		Dec 31, 2024	Sep 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
Receivables turnover		3.52	3.94	4.57	3.39	4.44	3.98	4.13	3.85	3.72	3.92	5.22	4.05	5.17	4.65	4.40	4.42	5.21	4.78	5.04	3.97
DSO	days	103.56	92.74	79.90	107.76	82.19	91.72	88.31	94.92	98.10	93.06	69.89	90.21	70.56	78.58	82.87	82.62	70.00	76.36	72.42	92.05

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.52
= 103.56

Days Sales Outstanding (DSO) is a financial metric that measures the average number of days it takes a company to collect payment after making a sale. For A10 Network, the DSO has fluctuated over the past few years, as shown below:

- As of December 31, 2019, the DSO was 92.05 days, reflecting a relatively high collection period for the company.
- The DSO improved to 70.00 days by September 30, 2020, indicating a more efficient collections process.
- However, the DSO increased to 90.21 days by December 31, 2021, suggesting potential delays in collecting receivables.
- The DSO decreased to 69.89 days by March 31, 2022, showing a positive trend in collections efficiency.
- The DSO rose again to 107.76 days by December 31, 2023, indicating an extended time to collect receivables.
- As of December 31, 2024, the DSO stood at 103.56 days, indicating a longer collection period compared to the previous year.

Overall, A10 Network's DSO has shown variability over the years, with periods of improvement and deterioration in collections efficiency. It is important for the company to monitor and manage its DSO effectively to ensure timely collection of receivables and maintain healthy cash flows.