Glaukos Corp (GKOS)

Days of sales outstanding (DSO)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Receivables turnover		6.16	6.28	6.48	6.73	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
DSO	days	59.30	58.17	56.32	54.23	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

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.16
= 59.30

The Days Sales Outstanding (DSO) is a key financial ratio that indicates the average number of days it takes for a company to collect payment after a sale has been made. For Glaukos Corp, the DSO has shown some fluctuations over the analyzed period from March 31, 2020, to December 31, 2024.

The trend observed is somewhat erratic, with DSO ranging from a low of 41.67 days on December 31, 2021, to a high of 59.30 days on December 31, 2024. Generally, a lower DSO is favorable as it indicates that the company is collecting payments more quickly, which improves its cash flow and liquidity. On the other hand, a higher DSO may suggest inefficiencies in the company's credit and collection processes.

Glaukos Corp has seen improvements in its DSO in recent periods, with a decreasing trend from a peak of 59.30 days on December 31, 2024, to 47.97 days on December 31, 2023. However, it's worth noting that the DSO increased slightly to 49.53 days on March 31, 2024.

Overall, the company should aim to maintain a consistent and low DSO to ensure efficient cash flow management and timely collection of receivables. By effectively managing its accounts receivable, Glaukos Corp can enhance its financial performance and optimize its working capital.