IDEXX Laboratories Inc (IDXX)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 7.72 | 7.50 | 8.29 | 7.71 | 8.30 | |
| DSO | days | 47.30 | 48.67 | 44.02 | 47.32 | 43.95 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.72
= 47.30
The days of sales outstanding (DSO) for Idexx Laboratories, Inc. over the past five years have shown some fluctuations. In 2019, the DSO was at 40.84 days, indicating that on average, it took the company approximately 40.84 days to collect revenue from its sales.
This figure increased to 47.32 days in 2020, before slightly decreasing to 44.02 days in 2021. However, in 2022, the DSO increased again to 48.67 days. In the most recent year, 2023, the DSO decreased to 47.30 days.
Overall, the trend in DSO shows some variability, with fluctuations in the time it takes for Idexx Laboratories to collect revenue from sales. A lower DSO typically indicates that the company is collecting payments more quickly, which can be a positive sign of efficient accounts receivable management. Conversely, a higher DSO could suggest potential issues with collections or credit policies that may warrant further investigation.
Peer comparison
Dec 31, 2023