F5 Networks Inc (FFIV)

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		5.49	6.22	6.44	5.78	5.64	5.79	5.93	6.47	6.42	7.69	6.65	6.62	6.97	7.96	7.65	6.83	6.41	6.96	6.91	6.82
DSO	days	66.50	58.65	56.63	63.20	64.75	63.05	61.58	56.44	56.90	47.46	54.91	55.17	52.39	45.88	47.72	53.46	56.94	52.42	52.81	53.49

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.49
= 66.50

To analyze F5 Inc's Days Sales Outstanding (DSO) trend, we can observe that the DSO has fluctuated over the past eight quarters. The DSO increased from 56.95 days in Q2 2022 to 66.77 days in Q1 2024, indicating that it took longer for the company to convert its accounts receivable into cash.

The DSO reached its peak in Q1 2024 at 66.77 days, which could suggest potential issues with collecting receivables efficiently. On the other hand, the lowest DSO was recorded in Q3 2022 at 56.95 days, indicating that the company was more efficient in collecting cash from customers during that period.

Overall, the trend in DSO shows some fluctuations, suggesting that F5 Inc may have experienced varying levels of effectiveness in managing its accounts receivable and collecting payments from customers consistently over the analyzed quarters. Further analysis of the company's credit policies, customer base, and industry trends could provide additional insights into the factors influencing these DSO fluctuations.