Illumina Inc (ILMN)

Days of sales outstanding (DSO)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Receivables turnover		5.95	6.28	6.91	7.08	6.14	6.47	6.02	—	6.83	—	—	—	6.98	—	—	—	—	—	—	—
DSO	days	61.36	58.12	52.83	51.59	59.48	56.41	60.63	—	53.44	—	—	—	52.26	—	—	—	—	—	—	—

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.95
= 61.36

Days Sales Outstanding (DSO) is a key metric that measures the average number of days it takes for a company to collect its accounts receivable. For Illumina Inc, the DSO has shown some variability over the reporting periods.

From December 31, 2021 to March 31, 2024, the DSO for Illumina Inc ranged from a low of 51.59 days to a high of 61.36 days. The DSO increased steadily from the end of 2021 to the middle of 2023, reaching a peak of 60.63 days. This indicates that Illumina Inc took a longer time to collect its outstanding receivables during this period.

However, there was a slight improvement in the DSO from June 30, 2023 to December 31, 2024, with the metric ranging between 51.59 days and 61.36 days. This suggests that Illumina Inc was more efficient in collecting its accounts receivable during this latter period compared to the earlier period.

Overall, a lower DSO indicates a faster collection of receivables, which can imply better liquidity and cash flow management for Illumina Inc. It is important for the company to monitor its DSO continuously to ensure efficient management of its accounts receivable and overall financial health.