Enovis Corp (ENOV)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.83 | 5.70 | 5.87 | 5.72 | 5.73 | |
| DSO | days | 62.60 | 64.01 | 62.14 | 63.76 | 63.65 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.83
= 62.60
The Days of Sales Outstanding (DSO) ratio for Enovis Corp has remained relatively stable over the past five years, fluctuating within a narrow range. In 2023, the DSO stands at 62.32 days, which is slightly lower compared to the previous year but still in line with historical trends. This metric indicates that, on average, it takes Enovis Corp approximately 62 days to collect its accounts receivable.
A consistent DSO level suggests that the company has been effectively managing its accounts receivable collection process. However, it is essential for Enovis to ensure that this metric does not increase significantly, as a rising DSO could indicate potential issues with customer creditworthiness or collection practices. Overall, Enovis Corp's stable DSO reflects a healthy balance between generating sales and efficiently collecting payments from customers.
Peer comparison
Dec 31, 2023