Dover Corporation (DOV)
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 | 5.80 | 5.39 | 5.35 | 5.76 | 5.53 | 5.51 | 5.36 | 5.52 | 5.79 | 5.64 | 5.53 | 5.49 | 5.81 | 5.48 | 5.87 | 5.76 | 5.86 | 5.65 | 5.50 | 5.57 | |
| DSO | days | 62.92 | 67.75 | 68.23 | 63.35 | 65.98 | 66.26 | 68.16 | 66.14 | 63.01 | 64.74 | 66.03 | 66.48 | 62.88 | 66.59 | 62.23 | 63.34 | 62.25 | 64.61 | 66.33 | 65.59 |
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 eight quarters, we observe a fluctuating trend. In Q4 2023, the DSO was at its lowest point at 61.94 days, representing a quicker collection of accounts receivable compared to the previous quarters. This improvement follows a gradual decline from the highest DSO of 67.26 days in Q2 2022.
However, despite the recent improvement in Q4 2023, DSO has been volatile, ranging between 61.94 days and 67.26 days over the past two years. This indicates potential inconsistencies in the company's accounts receivable management efficiency.
It is noteworthy that the DSO values in the respective quarters do not show a clear trend or pattern, suggesting that Dover Corp.'s collection period for accounts receivable may not be systematically improving or worsening over time. Further analysis and comparison with industry benchmarks may provide additional insights into Dover Corp.'s accounts receivable management effectiveness.
Peer comparison
Dec 31, 2023