Biogen Inc (BIIB)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		5.91	5.97	7.09	7.03	7.65
DSO	days	61.75	61.17	51.50	51.96	47.74

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.91
= 61.75

To analyze Biogen Inc's Days Sales Outstanding (DSO) trend over the past five years, we observe a consistent increase in DSO from 2019 to 2023. The DSO has risen from 62.72 days in 2019 to 77.93 days in 2023. This indicates that the company is taking longer to collect its accounts receivable, which may point towards potential issues with the company's credit policies, collection efficiency, or changes in customer payment behavior. It is important for Biogen Inc to closely monitor its DSO and implement strategies to efficiently manage its accounts receivable to ensure optimal cash flow and liquidity.