Avantor Inc (AVTR)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 6.06 | 6.17 | 6.04 | 5.74 | 6.11 | |
| DSO | days | 60.26 | 59.20 | 60.39 | 63.56 | 59.75 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.06
= 60.26
To analyze Avantor Inc's days of sales outstanding (DSO) over the last five years, we observe a fluctuating trend. The DSO was 60.26 days in 2023, compared to 59.20 days in 2022 and 60.39 days in 2021. This indicates a slight increase from the previous year but remains relatively stable.
In 2020, the DSO was higher at 63.56 days, potentially signaling a longer collection period for accounts receivable. However, there was a significant drop in 2019 to 59.75 days, suggesting improved efficiency in collecting receivables.
Overall, Avantor Inc's DSO has shown some variability over the years, but the recent figures indicate a relatively steady performance in managing accounts receivable. It may be beneficial for the company to continue monitoring and optimizing its collections process to ensure timely receipt of payments.
Peer comparison
Dec 31, 2023