Booking Holdings Inc (BKNG)

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		6.98	6.26	7.05	9.52	8.09	7.28	6.82	8.11	8.37	7.49	7.89	14.05	18.07	12.66	30.53	—	11.95	8.36	7.48	9.68
DSO	days	52.33	58.26	51.80	38.32	45.13	50.16	53.56	45.01	43.60	48.72	46.27	25.97	20.19	28.84	11.95	—	30.55	43.68	48.83	37.70

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.98
= 52.33

To analyze Booking Holdings Inc's days of sales outstanding (DSO) over the past eight quarters, we observe a fluctuating trend. In Q4 2023, the DSO stood at 55.57 days, which decreased from the previous quarter's 60.99 days. This reduction indicates an improvement in the company's ability to collect its accounts receivable efficiently.

Comparing the latest DSO to the same period last year (Q4 2022), where it was 47.61 days, we note an increase. Despite this uptick, the current DSO level remains within a reasonable range.

Looking further back, the Q1 2023 DSO was notably lower at 41.13 days, suggesting an exceptional performance in collecting sales revenue during that quarter. However, it seems the DSO has been gradually increasing since then.

The overall trend indicates some variability in DSO figures, but the company has generally managed its accounts receivable effectively. It is essential for Booking Holdings Inc to monitor DSO closely to ensure timely collection of outstanding payments and maintain healthy cash flows.