ExlService Holdings Inc (EXLS)

Days of sales outstanding (DSO)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Receivables turnover		6.03	5.18	5.19	4.93	5.25	5.21	5.32	5.09	5.45	4.84	5.25	4.90	5.67	5.49	5.59	6.07	4.50	6.20	6.15	5.30
DSO	days	60.50	70.46	70.28	73.99	69.46	70.04	68.58	71.67	67.00	75.47	69.51	74.41	64.38	66.44	65.24	60.12	81.09	58.91	59.32	68.91

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.03
= 60.50

The Days Sales Outstanding (DSO) of ExlService Holdings Inc, a measure of how long it takes for the company to collect its accounts receivable, has shown fluctuating trends over the years.

From March 31, 2020, to December 31, 2020, the DSO increased from 68.91 days to 81.09 days, indicating a potential delay in collecting sales. However, the DSO improved significantly by March 31, 2021, dropping to 60.12 days.

Subsequently, there was some variability in DSO figures, with values ranging between 60 to 75 days up to September 30, 2022. The data suggests that the company may have experienced challenges in managing its accounts receivable efficiently during this period, leading to fluctuations in the DSO metric.

However, from December 31, 2022, onward, the DSO appears to stabilize around the mid-60s days mark, indicating a potential improvement in the company's collection processes. This trend continued through December 31, 2024, with the DSO standing at 60.50 days, a signal of effective accounts receivable management.

Overall, the analysis of ExlService Holdings Inc's DSO indicates periods of both improvement and volatility in accounts receivable collection efficiency over the years, suggesting the company's efforts to optimize its working capital management practices.