DoorDash, Inc. Class A Common Stock (DASH)

Days of sales outstanding (DSO)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Receivables turnover		12.40	16.20	16.46	14.01	9.92
DSO	days	29.45	22.53	22.18	26.06	36.80

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 12.40
= 29.45

The analysis of the days of sales outstanding (DSO) for DoorDash, Inc. Class A Common Stock over the specified period indicates notable trends and variations in the company's receivables management efficiency.

As of December 31, 2020, the DSO was recorded at 36.80 days, reflecting a relatively longer period to collect receivables. This figure decreased significantly in the subsequent year, reaching 26.06 days by December 31, 2021, which signifies an improvement in receivables collection efficiency during this period. Continuing this trend, the DSO further declined to 22.18 days at the end of 2022, approaching a more optimal range and indicating a consistent effort or improvement in collection processes.

However, there was a slight increase in DSO in the following year, rising to 22.53 days at December 31, 2023. While still relatively low compared to the 2020 figure, this uptick suggests a minor slowdown in collection efficiency or a change in credit policies or customer behavior during that period. Moving into 2024, the DSO increased more noticeably to 29.45 days, surpassing both the 2021 and 2022 figures, which may imply a temporary weakening of receivables management or a strategic shift in credit terms.

Overall, the trend from 2020 through 2024 shows an initial improvement in Days Sales Outstanding, followed by a stabilization period, and then a gradual elongation of the collection period in 2024. This pattern could reflect various operational factors, including changes in customer payment behavior, credit policy adjustments, or other internal and external influences impacting receivables turnover.