Haemonetics Corporation (HAE)

Days of sales outstanding (DSO)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Receivables turnover		12.56	12.97	6.19	6.75	5.88
DSO	days	29.06	28.14	59.00	54.11	62.03

March 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 12.56
= 29.06

Haemonetics Corporation's Days Sales Outstanding (DSO) has shown a decreasing trend over the past five years, indicating an improvement in the efficiency of the company's accounts receivable management.

As of March 31, 2024, the DSO stands at 29.06 days, slightly higher than the previous year's 28.14 days. This indicates that on average, it takes Haemonetics Corporation approximately 29 days to collect its accounts receivable.

Comparing this to higher DSO figures in the previous years, such as 59.00 days in 2022, 54.11 days in 2021, and 62.03 days in 2020, the current DSO reflects a more efficient collection process.

However, it is important to monitor future changes in the DSO metric to ensure that the company continues to effectively manage its receivables and maintain healthy cash flow levels.