Azenta Inc (AZTA)
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 | 4.14 | 4.28 | 3.88 | 3.56 | 2.95 | 3.39 | 3.65 | 5.30 | 6.88 | 8.15 | 4.05 | 3.79 | 4.05 | 4.00 | 6.80 | 6.86 | 7.16 | 6.97 | 3.45 | 3.45 | |
| DSO | days | 88.13 | 85.28 | 94.00 | 102.42 | 123.89 | 107.80 | 99.87 | 68.81 | 53.04 | 44.77 | 90.06 | 96.30 | 90.23 | 91.26 | 53.65 | 53.22 | 50.98 | 52.36 | 105.84 | 105.83 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.14
= 88.13
To analyze Azenta Inc's Days Sales Outstanding (DSO), we will assess the trend and fluctuations in the DSO ratio over the past eight quarters:
1. The DSO ratio for Q1 2024 is 88.78 days, showing a decrease compared to the previous quarter and indicating that the company is collecting its accounts receivable more quickly.
2. In Q4 2023, the DSO was 85.91 days, continuing the decreasing trend from Q3 2023. This suggests efficient management of accounts receivable during this period.
3. Q3 2023 witnessed a DSO of 94.41 days, which was an improvement from Q2 2023, implying enhanced collection efficiency.
4. The DSO in Q2 2023 was 102.68 days, decreasing from the exceptionally high DSO recorded in Q1 2023.
5. Q1 2023 had a significantly elevated DSO of 124.03 days, which was notably higher compared to Q4 2022.
6. Q4 2022 displayed a DSO of 107.60 days, which was higher than the previous quarter, indicating potential delays in collecting accounts receivable.
7. In Q3 2022, there was an extraordinarily high DSO of 683.95 days, which could be an outlier or indicate operational issues in receivables management.
8. Q2 2022 showed a DSO of 191.07 days, significantly higher compared to the previous quarter, signaling a potential worsening in collections.
Overall, Azenta Inc's DSO has shown fluctuations over the past eight quarters, with the company displaying both improvements and deteriorations in its accounts receivable collection efficiency. Further analysis and monitoring of this ratio will be crucial to understand the underlying reasons for these fluctuations and to ensure optimal management of the company's working capital.
Peer comparison
Dec 31, 2023