Gogo Inc (GOGO)
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 | 8.05 | 8.31 | 8.24 | 8.82 | 7.13 | 7.28 | 7.52 | 7.32 | 6.93 | 6.15 | 5.48 | 6.03 | 8.16 | 14.42 | 8.42 | 7.10 | 6.69 | 6.56 | 6.06 | 6.20 | |
| DSO | days | 45.31 | 43.92 | 44.30 | 41.40 | 51.16 | 50.13 | 48.52 | 49.89 | 52.70 | 59.35 | 66.62 | 60.53 | 44.76 | 25.32 | 43.34 | 51.39 | 54.54 | 55.60 | 60.26 | 58.87 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.05
= 45.31
To analyze Gogo Inc's Days of Sales Outstanding (DSO) trend, we can observe the following:
- DSO has shown a decreasing trend over the past eight quarters, indicating an improvement in the company's ability to collect its accounts receivable efficiently.
- The DSO was highest in Q2 2022 at 61.41 days and lowest in Q1 2023 at 41.58 days, reflecting a significant improvement in collections efficiency over time.
- The average DSO for the latest four quarters (Q1 2023 to Q4 2023) is 51.15 days, showing a favorable trend compared to the average DSO of 55.49 days for the previous four quarters (Q1 2022 to Q4 2022).
- Overall, the decreasing trend in DSO indicates that Gogo Inc has been more successful in converting its accounts receivable into cash, which could potentially lead to improved liquidity and financial performance.
Peer comparison
Dec 31, 2023