Exponent Inc (EXPO)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 3.21 | 3.02 | 3.33 | 3.58 | 3.47 | |
| DSO | days | 113.80 | 120.97 | 109.48 | 101.83 | 105.11 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.21
= 113.80
Exponent Inc's Days Sales Outstanding (DSO) has exhibited some fluctuations over the past five years. In 2023, the DSO stands at 113.80 days, showing a slight improvement compared to 2022 when it was 120.97 days. This indicates that the company took fewer days to collect its accounts receivable in 2023.
When compared to 2021 and 2020, where the DSO was 109.48 days and 101.83 days, respectively, the 2023 DSO is higher, suggesting a potential delay in collecting payments from customers during 2023. However, it is worth noting that the DSO in 2019 was 105.11 days, indicating that the current DSO for 2023 is still better than five years ago.
Overall, while there has been some variability in the DSO over the years, the recent DSO of 113.80 days provides insight into Exponent Inc's accounts receivable management and their efficiency in collecting payments from customers in the most recent year.
Peer comparison
Dec 31, 2023