Dover Corporation (DOV)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.80 | 5.53 | 5.79 | 5.78 | 5.86 | |
| DSO | days | 62.92 | 65.98 | 63.05 | 63.11 | 62.25 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.80
= 62.92
To analyze Dover Corp.'s Days of Sales Outstanding (DSO) over the past five years, we can observe a generally stable trend with slight fluctuations.
In 2023, the DSO decreased to 61.94 days from 65.07 days in 2022, indicating that the company was able to collect its accounts receivable more efficiently, possibly due to improved credit management or quicker payment from customers.
Comparing this to the DSO in 2021, which was 62.20 days, there is a marginal decrease in 2023. Despite the slight improvement, the company's collection period remained relatively consistent over these two years.
When looking back to 2020 and 2019, where the DSO figures were 62.10 days and 62.25 days, respectively, there have been small variations within a narrow range.
Overall, while there have been fluctuations in Dover Corp.'s DSO over the past five years, the general trend suggests a stable collection efficiency with minor improvements in 2023 compared to the previous years.
Peer comparison
Dec 31, 2023