Glaukos Corp (GKOS)
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 | 7.61 | 7.46 | 7.30 | 7.37 | 7.56 | 7.90 | 7.82 | 8.35 | 8.76 | 8.31 | 7.53 | 6.44 | 6.18 | 6.55 | 7.81 | 8.17 | 6.16 | 9.23 | 9.55 | 9.35 | |
DSO | days | 47.97 | 48.90 | 49.97 | 49.53 | 48.28 | 46.19 | 46.69 | 43.73 | 41.67 | 43.91 | 48.45 | 56.63 | 59.04 | 55.69 | 46.76 | 44.68 | 59.27 | 39.52 | 38.23 | 39.04 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.61
= 47.97
To analyze Glaukos Corporation's Days Sales Outstanding (DSO) trend over the last eight quarters, we observe a relatively stable and consistent pattern with some fluctuations. The DSO for Q4 2023 stood at 46.22 days, which is slightly lower compared to the previous quarter at 47.28 days in Q3 2023. This indicates that the company was able to collect its accounts receivable more efficiently in the most recent quarter.
Looking back further, we notice a general trend of fluctuating DSO figures over the quarters, with occasional decreases followed by increases. For instance, there was a decrease in DSO from 46.55 days in Q4 2022 to 44.54 days in Q3 2022, but this was followed by an increase to 45.62 days in Q2 2022. Overall, the DSO figures have generally remained within a consistent range over the past two years.
The variations in DSO could be attributed to factors such as changes in the company's credit policies, customer payment behavior, seasonal fluctuations, or any other operational or industry-specific influences. However, it is essential to monitor these fluctuations closely to ensure efficient management of accounts receivable and maintain healthy cash flows.
Peer comparison
Dec 31, 2023