Boston Scientific Corp (BSX)
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 | ||
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Receivables turnover | 6.27 | 5.00 | 4.85 | 4.82 | 4.68 | 6.47 | 6.10 | 6.16 | 6.54 | 6.69 | 6.48 | 5.99 | 6.24 | 6.10 | 6.72 | 6.12 | 5.35 | 5.59 | 5.70 | 5.95 | |
DSO | days | 58.20 | 72.98 | 75.27 | 75.78 | 77.92 | 56.42 | 59.86 | 59.21 | 55.83 | 54.55 | 56.32 | 60.91 | 58.50 | 59.82 | 54.32 | 59.62 | 68.18 | 65.33 | 64.04 | 61.32 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.27
= 58.20
The Days Sales Outstanding (DSO) for Boston Scientific Corp. has shown some fluctuations over the past eight quarters. In Q4 2023, the DSO stood at 57.11 days, slightly higher than the previous quarter at 55.74 days. Comparing to the same period of the previous year, there has been an increase in DSO from 56.70 days in Q4 2022.
Historically, the DSO metric has been relatively stable for Boston Scientific Corp., varying within a range of approximately 54 to 58 days over the past two years. This indicates that the company takes an average of around 55 to 57 days to collect its accounts receivables from customers.
Monitoring DSO is important as it provides insights into how efficiently the company is managing its accounts receivables and collecting outstanding payments. A rising DSO could signify potential issues with collection efforts or extending credit to customers, while a declining DSO might indicate improved cash flow management.
In the case of Boston Scientific Corp., the recent trend of slightly increasing DSO warrants further attention and analysis to ensure effective credit and collection procedures are in place to maintain healthy cash flow and working capital management.
Peer comparison
Dec 31, 2023
See also:
Boston Scientific Corp Average Receivable Collection Period (Quarterly Data)