Enphase Energy Inc (ENPH)

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		5.14	4.84	5.37	5.07	5.29	5.49	5.56	4.25	4.14	4.52	3.77	3.69	4.25	5.88	8.06	7.64	4.29	3.79	4.15	4.24
DSO	days	71.06	75.38	67.91	72.02	69.04	66.47	65.70	85.95	88.11	80.74	96.71	98.98	85.86	62.08	45.30	47.76	85.01	96.32	88.00	86.12

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.14
= 71.06

To analyze Enphase Energy Inc's Days of Sales Outstanding (DSO) over the past eight quarters, we observe fluctuations in the company's collection efficiency. DSO measures the average number of days it takes for a company to collect revenue after a sale is made.

Enphase Energy Inc's DSO has shown some variability over the quarters provided. In the most recent quarter, Q4 2023, the DSO was 71.06 days, lower than in Q3 2023 at 75.38 days. This decrease indicates an improvement in the company's ability to collect receivables more promptly.

Looking further back, in Q2 2023, the DSO was 67.91 days, slightly down from Q1 2023 at 72.02 days. This positive trend suggests efficient collection practices.

Comparing to the previous year, Enphase Energy Inc's DSO has generally been lower in 2023 quarters compared to the same quarters in 2022. For instance, Q4 2023 DSO of 71.06 days is lower than Q4 2022 DSO of 69.04 days, indicating enhanced efficiency in collecting revenues within the recent period.

However, it is noteworthy that there was a spike in DSO in Q1 2022 at 85.95 days, suggesting a delay in collecting receivables during that period. Overall, Enphase Energy Inc's DSO trend indicates an overall positive direction with some periodic fluctuations that should be monitored for further insights into the company's revenue collection efficiency.