BioLife Solutions Inc (BLFS)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 10.69 | 7.64 | 4.74 | 5.12 | 6.01 | |
| DSO | days | 34.15 | 47.75 | 76.94 | 71.31 | 60.77 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 10.69
= 34.15
BioLife Solutions Inc has experienced fluctuations in its Days Sales Outstanding (DSO) over the past five years. The DSO indicates the average number of days it takes for the company to collect payment for its sales.
- As of December 31, 2020, the DSO stood at 60.77 days, reflecting a moderate time frame for collecting receivables.
- By December 31, 2021, the DSO increased to 71.31 days, indicating that it took longer for the company to collect payments from its customers.
- The trend continued in 2022, with DSO further rising to 76.94 days, suggesting potential challenges in managing accounts receivables efficiently.
- However, there was a significant improvement by December 31, 2023, as the DSO decreased to 47.75 days, indicating a more efficient collection process.
- The most recent data point, as of December 31, 2024, shows a further decrease in DSO to 34.15 days, signaling an improvement in the company's ability to collect payments promptly.
Overall, the fluctuations in BioLife Solutions Inc's DSO over the years suggest varying efficiency levels in collecting receivables. The recent downward trend indicates a positive development in managing the company's accounts receivables effectively.
Peer comparison
Dec 31, 2024