Diodes Incorporated (DIOD)

Days of sales outstanding (DSO)

		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	Mar 31, 2019
Receivables turnover		4.44	4.40	4.93	5.35	5.40	5.24	4.82	5.16	5.01	4.78	4.42	4.05	3.80	4.55	4.50	5.11	4.86	4.87	5.22	5.74
DSO	days	82.21	82.89	74.10	68.21	67.58	69.63	75.78	70.70	72.88	76.30	82.50	90.16	96.12	80.26	81.15	71.44	75.06	74.87	69.98	63.64

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.44
= 82.21

To analyze Diodes, Inc.'s Days Sales Outstanding (DSO) based on the provided data, we can see a general trend of DSO fluctuating over the past eight quarters.

In Q4 2023, the DSO stood at 81.69 days, showing a slight decrease from the previous quarter's 82.37 days. This reduction may indicate that Diodes, Inc. is collecting its accounts receivable more efficiently in the most recent quarter.

Comparing the current DSO to the same quarter in the prior year, there is an increase as Q4 2022 had a DSO of 67.37 days. This suggests that Diodes, Inc. may be taking longer to collect payments from customers compared to the same period last year.

Furthermore, looking at the historical trend, the DSO reached its peak in Q3 2023 at 82.37 days and has fluctuated between 67.84 days and 82.37 days over the past eight quarters.

Overall, while there has been some variability in Diodes, Inc.'s DSO over the quarters, it is essential for the company to monitor and manage its accounts receivable effectively to ensure timely collection and maintain healthy cash flow.