CONMED Corporation (CNMD)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.14 | 5.46 | 5.50 | 4.87 | 5.05 | |
| DSO | days | 71.04 | 66.80 | 66.41 | 74.97 | 72.27 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.14
= 71.04
Conmed Corp.'s Days of Sales Outstanding (DSO) has fluctuated over the past five years. In 2023, the DSO stands at 71.04 days, which is higher compared to the previous year but lower than in 2019. This indicates that on average, it takes Conmed 71.04 days to collect its accounts receivable, reflecting a slightly slower collection period.
Although the DSO increased from 2022, it is essential to monitor if this trend continues in the future, as a higher DSO could suggest potential issues with credit policies or inefficiencies in the collection process. Conversely, a lower DSO would indicate quicker collections and better cash flow management.
Overall, a detailed analysis of the factors influencing the DSO, such as changes in credit terms, customer payment behavior, and industry trends, would provide a more comprehensive understanding of Conmed Corp.'s liquidity and efficiency in managing its accounts receivable.
Peer comparison
Dec 31, 2023