CEVA Inc (CEVA)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 3.21 | 4.31 | 4.47 | 3.21 | 3.08 | |
| DSO | days | 113.55 | 84.71 | 81.65 | 113.60 | 118.55 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.21
= 113.55
CEVA Inc's Days Sales Outstanding (DSO) has shown fluctuations over the past five years. In 2023, the DSO increased to 113.55 days from 84.71 days in 2022. This indicates that on average, it took CEVA Inc approximately 113.55 days to collect its accounts receivable in 2023. Comparing this to previous years, there was a notable increase from 2022 but a decrease from 2020 and 2019. The trend suggests that CEVA Inc may have experienced challenges in collecting receivables efficiently in 2023 compared to the previous year, which could potentially impact its cash flow and liquidity position. Further analysis of the underlying reasons for the increase in DSO in 2023 would be beneficial in understanding the company's performance and financial health.
Peer comparison
Dec 31, 2023