Hims Hers Health Inc (HIMS)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 130.15 | 135.11 | 66.31 | 135.23 | — | |
| DSO | days | 2.80 | 2.70 | 5.50 | 2.70 | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 130.15
= 2.80
The days of sales outstanding (DSO) for Hims Hers Health Inc have shown fluctuations over the past five years. In 2023, the company's DSO was 2.80 days, slightly higher than the previous year's 2.70 days. This may indicate that the company is taking slightly longer to collect its accounts receivable in 2023 compared to 2022.
Looking back further, in 2021, the DSO increased significantly to 5.50 days before dropping back to 2.70 days in 2022. This fluctuation suggests potential efficiency issues in accounts receivable management in 2021 that were addressed in the subsequent year.
Notably, there is missing data for 2019, which limits a complete trend analysis. However, based on the available data, it appears that Hims Hers Health Inc has generally maintained a relatively low DSO, indicating efficient management of accounts receivable and a strong ability to collect outstanding payments promptly in recent years.