3D Systems Corporation (DDD)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		4.79	5.65	9.06	4.80	5.69
DSO	days	76.15	64.56	40.27	76.07	64.16

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.79
= 76.15

The days of sales outstanding (DSO) for 3D Systems Corporation have fluctuated over the past five years. In 2023, the DSO was 76.15 days, which increased compared to the prior year's DSO of 64.56 days. This indicates that, on average, it took 3D Systems Corporation 76.15 days to collect its accounts receivable in 2023.

The DSO was significantly lower in 2021 at 40.27 days, demonstrating an improvement in the company's ability to collect outstanding receivables efficiently. However, there was a slight deterioration in 2023 compared to the more efficient collection period in 2021.

The DSO for 3D Systems Corporation in 2020 and 2019 was relatively consistent, with DSO at 76.07 days and 64.16 days, respectively. This suggests that there was stability in the company's collection process during those years.

Overall, fluctuations in the DSO for 3D Systems Corporation indicate variability in the efficiency of its accounts receivable management. The company may benefit from strategies to reduce DSO and improve cash flow by accelerating the collection of outstanding receivables.