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.