Blackbaud Inc (BLKB)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 10.49 | 10.02 | 8.89 | 9.57 | 10.13 | |
| DSO | days | 34.79 | 36.44 | 41.07 | 38.13 | 36.02 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 10.49
= 34.79
To analyze Blackbaud Inc's days of sales outstanding (DSO), we observe a downward trend in DSO over the past five years. In 2023, the DSO stands at 35.60 days, decreasing from 37.54 days in 2022, 40.80 days in 2021, 38.26 days in 2020, and 36.24 days in 2019.
The decreasing trend in DSO indicates that Blackbaud Inc has been able to collect its accounts receivable more efficiently over the years. A lower DSO suggests that the company is collecting payments from customers more quickly, which can improve cash flow and liquidity.
Overall, the decreasing DSO trend for Blackbaud Inc reflects potential improvements in its credit and collection policies, enhancing its ability to manage working capital effectively. It also indicates a more efficient management of accounts receivable and a healthier financial position. However, it is important to continue monitoring DSO in the future to ensure that the company maintains its efficient collection practices.
Peer comparison
Dec 31, 2023