Enphase Energy Inc (ENPH)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.14 | 5.29 | 4.14 | 4.25 | 4.29 | |
| DSO | days | 71.06 | 69.04 | 88.11 | 85.86 | 85.01 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.14
= 71.06
The days of sales outstanding (DSO) for Enphase Energy Inc have shown fluctuations over the past five years. In 2023, the DSO stands at 71.06 days, which is a slight increase from the previous year's 69.04 days. This indicates that on average, it takes Enphase Energy Inc approximately 71 days to collect payments from its customers for the sales made.
Comparing to 2021, where the DSO was 88.11 days, the current figure suggests an improvement in the efficiency of the company's account receivables management. However, when looking at 2020 and 2019, with DSO figures of 85.86 days and 85.01 days respectively, it appears that Enphase Energy Inc has been able to maintain a relatively stable DSO level over these two earlier years.
Overall, the trend in DSO for Enphase Energy Inc indicates a mixed performance in managing its accounts receivable turnover efficiency. The recent decrease from 2022 to 2023 is a positive sign, but further analysis of the company's collection policies and customer base would be necessary to fully assess the effectiveness of its credit management practices.
Peer comparison
Dec 31, 2023