AptarGroup Inc (ATR)
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 | 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 | 5.12 | 5.20 | 4.73 | 4.68 | |
| DSO | days | 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 | 71.27 | 70.16 | 77.12 | 77.99 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.15
= 70.94
Aptargroup Inc.'s Days Sales Outstanding (DSO) measures the average number of days it takes for the company to collect revenue after making a sale. Looking at the trend over the past eight quarters, we observe fluctuations in the DSO metric.
In Q4 2023, the DSO was 70.94 days, showing a decrease from the previous quarter's 76.02 days. This reduction suggests that the company may have improved its collection processes, leading to quicker receipt of payments from customers.
Comparing year-over-year performance, the DSO in Q4 2023 was slightly lower than Q4 2022, indicating a potential enhancement in accounts receivable management efficiency.
Overall, the recent decline in DSO is a positive indicator, reflecting better control over receivables and potentially improved cash flow for Aptargroup Inc. Monitoring future DSO figures will be essential to assess the sustainability of this trend in collections efficiency.
Peer comparison
Dec 31, 2023