Exelixis Inc (EXEL)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		7.71	7.50	5.08	6.14	8.13
DSO	days	47.35	48.66	71.90	59.46	44.91

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.71
= 47.35

Exelixis Inc's Days Sales Outstanding (DSO) has fluctuated over the past five years. The DSO was 47.35 days as of December 31, 2023, compared to 48.66 days in 2022, indicating an improvement in the collection period for accounts receivable. This trend is positive as it suggests the company is collecting its outstanding receivables more efficiently, possibly due to better credit control or collection procedures.

In 2021, the DSO was higher at 71.90 days, which might have indicated a slower collection of receivables during that period. However, there was a significant improvement in 2020, where the DSO decreased to 59.46 days, showing enhanced efficiency in collecting payments from customers.

The lowest DSO over the past five years was recorded in 2019 at 44.91 days, indicating a strong performance in receivables management that year. Overall, the decreasing trend in DSO in recent years reflects the company's efforts in managing its accounts receivable effectively, ensuring a more timely collection of sales revenues.