Bill Com Holdings Inc (BILL)

The Days of Sales Outstanding (DSO) for Bill Com Holdings Inc. over the provided period indicates significant fluctuations in the company's receivables collection efficiency. As of June 30, 2021, the DSO was approximately 253.25 days, suggesting that on average, it took the company about eight and a half months to collect receivables. This unusually high figure could reflect extended credit terms granted to customers, potential collection inefficiencies, or a higher proportion of long-term receivables during that period.

By June 30, 2022, the DSO decreased notably to approximately 159.45 days, representing an improvement in collection speed by nearly 94 days. This reduction indicates that the company's receivables were being collected more efficiently, which could be attributable to tighter credit policies, improved collection efforts, or changes in customer payment behaviors.

However, by June 30, 2023, the DSO slightly increased to 167.90 days, suggesting a modest relaxation in receivables collection efficiency or differing customer payment cycles returning to a somewhat longer timeframe. This increase, although smaller than the initial decline, indicates a potential stabilization around this elevated level.

The following year, the DSO increased further to approximately 205.18 days by June 30, 2024. Such a rise signifies a deterioration in collection efficiency, possibly pointing to increased credit extension, difficulties in collecting receivables, or strategic shifts that resulted in lengthened payment terms.

In the most recent data, as of June 30, 2025, the DSO decreased to about 179.05 days. While this represents a reduction from the previous year, it still remains significantly higher than the levels observed in 2022. This value suggests that collections continue to be somewhat delayed compared to earlier periods, but the company has made some progress in improving receivables collection relative to the peak observed in 2024.

Overall, the DSO trend exhibits considerable volatility. Despite some periods of improvement, the company’s receivables collection efficiency appears to be inconsistent, often resulting in protracted collection periods well beyond typical industry standards. This pattern warrants further investigation into the underlying factors influencing receivables management and credit policies.

Peer comparison

Jun 30, 2025