AptarGroup Inc (ATR)

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 5.44 5.11 4.82 4.89 5.15 4.80 4.72 4.80 4.91 4.84 4.74 4.75 4.81 4.78 4.87 4.81 5.17 4.81 4.85 4.71
DSO days 67.04 71.40 75.71 74.59 70.94 76.02 77.40 76.02 74.38 75.49 77.08 76.91 75.89 76.42 74.96 75.96 70.65 75.91 75.22 77.46

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.44
= 67.04

Days Sales Outstanding (DSO) is a financial ratio that measures the average number of days a company takes to collect revenue after a sale is made. For AptarGroup Inc, the trend in DSO over the past several quarters shows some variability.

From March 31, 2020, to December 31, 2020, the company saw a gradual decrease in DSO from 77.46 days to 70.65 days, indicating an improvement in their accounts receivable management. However, from March 31, 2021, to June 30, 2021, DSO increased slightly to 74.96 days before rising further to 76.42 days by September 30, 2021.

In the following quarters, DSO fluctuated within a relatively narrow range, with slight increases and decreases observed. The ratio peaked at 77.40 days on June 30, 2023, and hit a low of 67.04 days on December 31, 2024. Notably, the DSO on September 30, 2024, dropped significantly to 71.40 days from 75.71 days in the previous quarter.

Overall, AptarGroup Inc's DSO has shown some variability, indicating potential changes in their accounts receivable collection efficiency. Further monitoring of this ratio and its trend can provide insights into the company's credit and collection policies, as well as its overall financial health.