Blackline Inc (BL)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		3.40	3.44	2.84	2.95	2.70
DSO	days	107.39	106.19	128.42	123.58	135.00

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.40
= 107.39

To analyze Blackline Inc's Days Sales Outstanding (DSO) over the past five years:

1. There has been a consistent trend of improvement in DSO from 2019 to 2023, indicating an enhancement in the company's ability to collect its accounts receivable.

2. The DSO decreased from 2019 to 2020, suggesting that Blackline Inc was more efficient in collecting payments from customers during that period.

3. The downward trend continued in 2021, with a further reduction in DSO, indicating continued improvements in the company's receivables management.

4. However, in 2022, there was a slight increase in DSO compared to the previous year, which may warrant further investigation into the reasons behind the temporary setback in collections.

5. In 2023, there was a slight increase in DSO compared to 2022, but the overall trend remains positive as it is still lower than the DSO figures from earlier years.

6. Overall, Blackline Inc's DSO shows a positive trajectory over the five-year period, reflecting better credit control and collection processes, although there was a minor setback in 2022.