Gentex Corporation (GNTX)

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		7.83	6.63	7.59	6.85	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
DSO	days	46.60	55.09	48.06	53.31	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

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.83
= 46.60

The Days Sales Outstanding (DSO) for Gentex Corporation fluctuated over the period from March 31, 2020, to December 31, 2024. DSO measures the average number of days a company takes to collect revenue after a sale is made.

The DSO trend for Gentex Corporation shows some variability with periods of both increase and decrease. From March 31, 2020, to September 30, 2020, DSO decreased steadily from 46.24 days to 38.81 days. However, from September 30, 2020, to December 31, 2020, there was a notable increase in DSO to 61.62 days, indicating a potential delay in collecting revenues during that period.

This upward trend continued into the first half of 2021, with DSO reaching 59.01 days by March 31, 2021. Subsequently, there was a decrease in DSO to 44.60 days by June 30, 2021, indicating an improvement in the collection period. However, by the end of 2021, DSO showed another increase to 52.67 days.

Throughout 2022 and early 2023, there was some fluctuation in DSO, ranging between 52.59 days and 60.70 days. Notably, DSO peaked at 60.70 days on March 31, 2023, before showing a decrease to 48.06 days by June 30, 2024.

Overall, Gentex Corporation should continue monitoring DSO closely to ensure efficient management of accounts receivable and timely collection of revenues. A higher DSO may indicate potential issues with credit policies or collection processes, while a lower DSO could reflect effective credit management and prompt collection efforts.