IDEX Corporation (IEX)
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 | 7.65 | 7.65 | 7.31 | 7.34 | 7.19 | 7.60 | 6.99 | 6.96 | 7.76 | 7.27 | 7.11 | 7.05 | 8.02 | 8.51 | 8.83 | 7.52 | 8.37 | 7.89 | 7.66 | 7.47 | |
| DSO | days | 47.69 | 47.69 | 49.95 | 49.74 | 50.79 | 48.03 | 52.25 | 52.41 | 47.05 | 50.24 | 51.35 | 51.78 | 45.49 | 42.91 | 41.34 | 48.51 | 43.63 | 46.28 | 47.62 | 48.86 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.65
= 47.69
To analyze Idex Corporation's Days Sales Outstanding (DSO) over the past eight quarters, we can observe a fluctuating trend. DSO measures the average number of days it takes for the company to collect payment after making a sale. A lower DSO indicates quicker collection of receivables and efficient management of accounts receivable.
From Q1 2022 to Q2 2023, Idex Corporation's DSO ranged between 47.69 days to 52.41 days. There was a noticeable increase in DSO from Q1 2022 to Q2 2022, indicating a slower collection of receivables during that period. However, the DSO decreased in Q3 2022 and Q4 2023, suggesting an improvement in the company's receivables management.
Overall, Idex Corporation has demonstrated relatively stable DSO levels, although there have been fluctuations quarter to quarter. It is important for the company to monitor DSO closely and strive for lower DSO figures to optimize cash flow and overall financial health.
Peer comparison
Dec 31, 2023