InterDigital Inc (IDCC)
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 | 3.78 | 6.64 | 6.06 | 7.44 | 3.42 | 6.50 | 7.05 | 7.71 | 4.61 | 7.76 | 7.15 | 4.89 | 4.84 | — | — | — | 8.09 | — | — | — | |
| DSO | days | 96.69 | 54.96 | 60.19 | 49.04 | 106.73 | 56.13 | 51.76 | 47.36 | 79.12 | 47.05 | 51.07 | 74.71 | 75.40 | — | — | — | 45.09 | — | — | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.78
= 96.69
Interdigital Inc's Days of Sales Outstanding (DSO) have fluctuated significantly over the past eight quarters. In Q4 2023, the DSO was at 91.07 days, showing an improvement from Q3 2023 where it was at 104.71 days. However, compared to previous quarters, the DSO remains relatively high.
Throughout the historical data, there are some notable trends. In Q2 2023, the DSO spiked to 239.81 days, indicating a significant delay in collecting receivables. This was followed by a notable decrease in Q3 2023, suggesting efforts to improve collections efficiency. In Q2 2022, the DSO was exceptionally low at 84.93 days, but it rose sharply in Q3 2022 to 376.77 days, reflecting potential issues with receivables management during that period.
Overall, a lower DSO indicates faster collection of receivables, which is generally positive for cash flow and liquidity. Interdigital Inc should aim to consistently monitor and manage their DSO to ensure efficient working capital management and overall financial health.
Peer comparison
Dec 31, 2023