Glaukos Corp (GKOS)

Days of sales outstanding (DSO)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Receivables turnover		6.23	7.56	7.40	8.32	5.87
DSO	days	58.61	48.30	49.33	43.85	62.18

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.23
= 58.61

To analyze Glaukos Corp's days of sales outstanding (DSO) over the period from December 31, 2020, to December 31, 2024, we can observe the following trends:

1. In December 2020, the DSO was 62.18 days, indicating that, on average, it took around 62 days for Glaukos Corp to collect its accounts receivable.

2. By December 2021, the DSO decreased to 43.85 days, showing an improvement in the collection period of receivables. This decrease suggests that the company may have enhanced its credit policies or collection processes.

3. In December 2022, the DSO slightly increased to 49.33 days compared to the previous year. This uptick may indicate a small slowdown in receivables turnover or more extended credit terms for customers.

4. The trend continued in December 2023, with the DSO further decreasing to 48.30 days. This improvement suggests that the company's efforts to manage its accounts receivable have been effective.

5. However, by December 2024, the DSO rose to 58.61 days, reversing the previous positive trend. This increase may raise concerns about potential challenges in collecting receivables or changes in customer payment behavior.

In summary, Glaukos Corp's DSO showed fluctuations over the period, with some years experiencing improvements in accounts receivable management while others showing increases. It would be essential for the company to closely monitor this metric to ensure efficient collections and cash flow management.