ICU Medical Inc (ICUI)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		13.98	10.28	12.43	10.24	6.26
DSO	days	26.10	35.49	29.36	35.64	58.29

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 13.98
= 26.10

To analyze ICU Medical, Inc.'s Days Sales Outstanding (DSO) trend, we observe that it has been improving over the past five years. The DSO decreased from 59.57 days in 2019 to 26.55 days in 2023. This indicates that the company is collecting its accounts receivable more efficiently. A lower DSO suggests that ICU Medical is managing its receivables better, converting sales into cash more quickly, and potentially experiencing improved liquidity. This trend demonstrates a positive development in the company's financial management and operational efficiency.