AeroVironment Inc (AVAV)
Days of sales outstanding (DSO)
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 2.01 | 2.39 | 2.74 | 2.97 | 2.78 | 3.50 | 3.34 | 3.01 | 3.03 | 3.35 | 3.25 | 2.93 | 2.87 | 2.72 | 3.30 | 3.46 | 3.10 | 3.04 | 2.70 | 2.67 | |
| DSO | days | 181.61 | 152.81 | 133.31 | 122.81 | 131.13 | 104.27 | 109.36 | 121.37 | 120.42 | 108.96 | 112.18 | 124.55 | 127.12 | 134.18 | 110.49 | 105.45 | 117.59 | 120.02 | 135.37 | 136.69 |
April 30, 2025 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 2.01
= 181.61
The provided data illustrates AeroVironment Inc’s days of sales outstanding (DSO) over a period extending from January 2022 through April 2025, revealing notable fluctuations and trends.
Initially, the DSO fluctuated within a range of approximately 117.59 to 136.69 days during 2022, indicating that on average, the company's receivables remained outstanding for roughly four to five months. A downward trend is observed from July 2022 onward, with DSO decreasing to a low of approximately 105.45 days in October 2022, suggesting improved receivables collection efficiency during this period.
In 2023, the DSO displayed some variability but remained relatively stable around 108 to 134 days initially. Notably, DSO saw increases towards the end of the year, reaching approximately 127.12 days in January 2023, before declining again to approximately 108.96 days in July 2023. The first half of 2024 saw a reversal, with the DSO increasing to around 131.13 days by April 2024, suggesting a potential deterioration in receivables collection performance.
The data also indicates a rising trend commencing in the latter part of 2024 and extending into 2025, with DSO climbing to 152.81 days in January 2025 and further escalating to 181.61 days by April 2025. This sustained increase implies that the company’s receivables are taking significantly longer to convert into cash, which could signal deteriorating credit management, changes in customer payment behavior, or shifts in the company's credit policies.
Overall, while periods of improvement are evident, particularly around mid-2022 and mid-2023, the latest data reflects a marked increase in the average collection period, signaling potential challenges in receivables management or changes in customer payment cycles. These trends warrant ongoing monitoring to assess their implications on the company’s liquidity and operational efficiency.
Peer comparison
Apr 30, 2025