International Flavors & Fragrances Inc (IFF)

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		6.39	6.10	6.06	6.24	6.66	6.07	5.66	5.61	5.96	4.88	3.83	2.98	5.33	5.23	5.09	5.32	5.71	9.42	8.15	8.12
DSO	days	57.16	59.84	60.22	58.46	54.82	60.15	64.47	65.04	61.20	74.74	95.37	122.37	68.52	69.79	71.76	68.62	63.97	38.74	44.80	44.96

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.39
= 57.16

International Flavors & Fragrances Inc.'s days of sales outstanding (DSO) have exhibited some fluctuations over the past eight quarters. The DSO ranges from a low of 60.83 days in Q4 2023 to a high of 72.40 days in Q1 2022. Overall, there seems to be a slight downward trend in recent quarters, as the DSO has generally decreased from Q1 2022 to Q4 2023. This trend indicates that the company is collecting its accounts receivable more efficiently.

A lower DSO typically suggests that the company is converting its sales into cash more quickly, which could be a positive sign of strong customer collections and effective credit management. However, it is important to monitor this metric over time to ensure that the trend continues in a favorable direction. In the context of International Flavors & Fragrances Inc., the decreasing DSO trend may indicate improved liquidity and financial performance.