BioLife Solutions Inc (BLFS)
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 | 7.65 | 6.27 | 6.01 | 5.35 | 4.75 | 4.76 | 4.72 | 5.69 | 5.12 | 4.77 | 3.51 | 4.95 | 6.01 | 6.77 | 8.43 | 4.09 | 5.12 | 5.82 | 6.20 | 7.56 | |
| DSO | days | 47.69 | 58.20 | 60.73 | 68.18 | 76.92 | 76.64 | 77.34 | 64.11 | 71.31 | 76.46 | 103.96 | 73.79 | 60.77 | 53.93 | 43.30 | 89.16 | 71.29 | 62.74 | 58.86 | 48.27 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.65
= 47.69
Days Sales Outstanding (DSO) is a measure used to evaluate how long it takes for a company to collect its accounts receivable. A lower DSO indicates that the company is collecting payments from customers more quickly.
Analyzing BioLife Solutions Inc's DSO over the past few quarters reveals some interesting trends. The DSO has fluctuated over the periods provided, indicating varying efficiency in collecting receivables. In the most recent quarter, the DSO stands at 47.69 days, which is lower compared to the previous quarter. This suggests that the company has improved its collection efforts, resulting in quicker receipt of payments from customers.
Looking at the historical data, the DSO has shown some variability, with peaks and troughs observed over the quarters. Notably, in Q2 2021, the DSO spiked to 103.96 days, indicating a significant delay in collecting payments during that period. However, the company managed to reduce the DSO in subsequent quarters, showcasing efforts to enhance receivables management.
Overall, BioLife Solutions Inc's DSO performance indicates fluctuations in the efficiency of accounts receivable management. A downward trend in DSO is generally positive as it signifies improved cash flow and liquidity. It would be important for the company to maintain a consistent focus on timely collection of receivables to support financial health and stability.
Peer comparison
Dec 31, 2023