Azenta Inc (AZTA)
Days of sales outstanding (DSO)
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 3.77 | 3.95 | 4.25 | 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 | |
| DSO | days | 96.81 | 92.36 | 85.93 | 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 |
September 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.77
= 96.81
The Days Sales Outstanding (DSO) is a measure that indicates the average number of days it takes for a company to collect payment after making a sale. A lower DSO value suggests that a company is collecting its accounts receivable more efficiently.
Analyzing Azenta Inc's DSO over the past several periods reveals fluctuations in the collection efficiency:
- The DSO has been fluctuating over the periods, ranging from as low as 44.77 days to as high as 123.89 days.
- The trend shows inconsistency in managing accounts receivable, with periods of improved efficiency followed by periods of increased collection time.
- The highest DSO was recorded on Dec 31, 2022, at 123.89 days, indicating a prolonged collection period and potential liquidity challenges.
- On Mar 31, 2022, the DSO dropped significantly to 68.81 days, signaling a possible improvement in collections.
- The most recent DSO on Sep 30, 2024, at 96.81 days, indicates a moderate deterioration in collection efficiency compared to previous periods.
Overall, Azenta Inc's DSO has shown variability, indicating the need for consistent monitoring and control of accounts receivable to ensure timely collections and optimize cash flow management.
Peer comparison
Sep 30, 2024