Gogo Inc (GOGO)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 7.88 | 7.12 | 4.64 | 3.59 | 6.39 | |
| DSO | days | 46.32 | 51.24 | 78.69 | 101.77 | 57.16 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.88
= 46.32
The days of sales outstanding (DSO) for Gogo Inc have fluctuated over the past five years. In 2019, the DSO was 44.27 days, indicating that on average, it took the company approximately 44 days to collect its accounts receivable. This number increased to 53.90 days in 2020 before slightly decreasing to 61.94 days in 2021.
In 2022, there was a notable improvement as the DSO dropped to 48.97 days, suggesting a more efficient accounts receivable collection process. However, in 2023, the DSO increased again to 61.06 days, signaling a potential slowdown in collecting payments from customers.
Overall, the trend in Gogo Inc's DSO indicates fluctuations in the efficiency of its accounts receivable management. It is important for the company to closely monitor and analyze factors impacting DSO to ensure timely collection of outstanding payments and maintain healthy cash flow levels.
Peer comparison
Dec 31, 2023