Incyte Corporation (INCY)

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		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
DSO	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —

To analyze Incyte Corp.'s Days of Sales Outstanding (DSO) based on the provided data, we look at the trend over the past eight quarters. The DSO measures the average number of days it takes a company to collect revenue after a sale is made. A lower DSO indicates that the company collects payments more quickly, which is generally favorable.

In Q4 2023, Incyte Corp.'s DSO was 73.44 days, which increased from the previous quarter's 66.47 days. This uptick suggests that the company took longer to collect payments from customers in comparison to Q3 2023. However, it is important to note that DSO can be impacted by various factors such as the company's credit policies, industry norms, and economic conditions.

Comparing the most recent DSO to the same quarter in the prior year, there has been an improvement as the DSO was 69.34 days in Q4 2022. This indicates that Incyte Corp. has made progress in collecting payments more efficiently year over year.

Overall, while the recent uptick in DSO from Q3 2023 to Q4 2023 may raise some concerns, the year-over-year improvement signals positive developments in the company's collection cycle efficiency. Further monitoring of DSO trends and factors influencing collections will be crucial to understanding Incyte Corp.'s cash flow management and overall financial health.