Glaukos Corp (GKOS)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		7.56	7.40	8.32	5.87	6.09
DSO	days	48.30	49.33	43.85	62.18	59.98

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.56
= 48.30

The days sales outstanding (DSO) of Glaukos Corporation has exhibited some fluctuations over the past five years. In 2023, the DSO was 46.22 days, slightly lower than the DSO of 46.55 days in 2022. This indicates that the company took an average of 46.22 days to collect its accounts receivable in 2023, which is a positive sign as it shows efficient collection practices.

Comparing 2023 to 2021, there was an increase in DSO from 41.51 days to 46.22 days. This could suggest a slower collection period in 2023 compared to 2021, which may warrant some attention to improve receivables management.

In 2020 and 2019, the DSO was considerably higher at 58.51 days and 59.17 days, respectively. These higher DSO figures indicate that the company took longer to collect its accounts receivable in those years, which could potentially signal challenges in collecting payments from customers and managing cash flow efficiently.

Overall, the trend in Glaukos Corporation's DSO over the past five years shows some variability, with improved performance in 2023 compared to 2021 and significant improvement compared to 2020 and 2019. Monitoring and managing DSO is crucial for the company to ensure timely collection of receivables and maintain strong cash flow management.