Gentex Corporation (GNTX)

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		7.14	6.28	6.05	6.01	6.94	6.31	6.38	6.10	6.93	7.63	8.18	6.19	5.92	5.97	9.40	7.89	7.90	7.38	8.17	9.38
DSO	days	51.09	58.16	60.29	60.70	52.59	57.84	57.20	59.88	52.67	47.82	44.60	59.01	61.62	61.18	38.81	46.24	46.23	49.45	44.65	38.90

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.14
= 51.09

To analyze the Days Sales Outstanding (DSO) trend for Gentex Corp., we observe that there has been fluctuation in DSO over the past eight quarters.

- In Q4 2023, the DSO decreased to 51.09 days compared to the previous quarter at 58.16 days in Q3 2023.
- Prior to Q3 2023, there was a noticeable increasing trend in DSO from Q2 2022 through Q3 2023, peaking at 60.70 days.
- Despite the recent decrease in DSO in Q4 2023, the metric remains relatively lower than the high points seen in Q2 2022 and Q1 2023.
- Notably, Q4 2023 marked the lowest DSO value in the provided data series, potentially indicating an improvement in the company's collection efficiency.

Overall, the trend in DSO for Gentex Corp. suggests some variability in the efficiency of the company's accounts receivable management over the past two years, with potential signs of recent improvement in collection processes.