Etsy Inc (ETSY)

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		111.12	139.79	118.24	100.01	92.01	113.76	119.90	114.20	85.42	93.34	105.92	89.09	76.34	84.50	68.05	74.89	53.19	59.90	66.21	60.44
DSO	days	3.28	2.61	3.09	3.65	3.97	3.21	3.04	3.20	4.27	3.91	3.45	4.10	4.78	4.32	5.36	4.87	6.86	6.09	5.51	6.04

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 111.12
= 3.28

Etsy Inc's Days Sales Outstanding (DSO) measures the average number of days it takes for the company to collect revenue from its sales. Analyzing the DSO trend over the past several quarters provides valuable insights into the efficiency of Etsy's accounts receivable management.

In Q4 2023, Etsy's DSO stood at 3.28 days, showing a slight increase from the previous quarter's figure of 2.61 days. This increase indicates that Etsy took slightly longer to collect revenue from its sales during the quarter. However, the DSO in Q4 2023 remained relatively low, suggesting efficient accounts receivable management.

Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), there is a slight improvement in DSO from 3.97 days to 3.28 days. This indicates that Etsy has been more efficient in collecting revenue from its sales year-over-year.

Overall, Etsy Inc's DSO has shown some fluctuations in recent quarters but has generally remained at a relatively low level, indicating efficient management of accounts receivable. Continued monitoring of DSO trends will be important to ensure timely collection of revenue and maintain strong cash flow performance.