3D Systems Corporation (DDD)

Days of sales outstanding (DSO)

		Mar 31, 2024	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
Receivables turnover		4.76	4.79	4.73	5.16	5.47	5.65	5.51	5.40	5.60	6.14	7.53	7.40	6.17	4.85	5.53	5.80	5.62	5.75	5.85	5.74
DSO	days	76.70	76.20	77.21	70.70	66.73	64.55	66.19	67.61	65.13	59.48	48.48	49.31	59.16	75.22	65.98	62.97	64.93	63.50	62.43	63.64

March 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.76
= 76.70

The days of sales outstanding (DSO) for 3D Systems Corporation have shown some fluctuations over the past few quarters. DSO indicates the average number of days it takes for a company to collect payment after making a sale.

Looking at the trend, we can observe that there was a significant increase in DSO from Q1 2021 to Q3 2021, reaching a peak of 75.22 days in Dec 2020. However, there was a downward trend from Q4 2021 to Q3 2022, indicating improvements in collections efficiency.

From Q3 2022 onwards, there has been a slight increase in DSO, reaching 76.70 days in Mar 2024. This suggests that the company may be taking longer to collect payments from its customers compared to previous quarters.

Overall, a rising DSO may indicate potential concerns about the company's liquidity and cash flow management, while a decreasing trend could signal more efficient receivables management. Further analysis of the company's sales policies, credit terms, and collection processes could provide insights into the reasons behind these fluctuations in DSO.