Inspire Medical Systems Inc (INSP)

Days of sales outstanding (DSO)

		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	Dec 31, 2019
Receivables turnover		8.42	8.85	9.14	6.95	7.98	8.27	7.78	6.63	7.14	7.40	7.54	6.77	7.48	6.97	6.14	4.54	4.49	7.84	7.85	6.25
DSO	days	43.35	41.23	39.95	52.51	45.74	44.11	46.89	55.02	51.14	49.33	48.44	53.94	48.82	52.39	59.49	80.39	81.33	46.55	46.49	58.41

September 30, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.42
= 43.35

The Days Sales Outstanding (DSO) for Inspire Medical Systems Inc have shown fluctuations over the past few years. A lower DSO indicates a shorter time it takes for a company to collect revenue from its sales, which is generally favorable.

In the most recent period, the DSO was 43.35 days, which is a slight increase from the previous quarter at 41.23 days but lower compared to the DSO of 52.51 days reported in the same period last year. This suggests that the company has been efficient in collecting its accounts receivable.

Looking at the trend over the past few years, the DSO has displayed some variability, reaching a peak of 81.33 days in December 2019. However, there has been a general downward trend in DSO since then, indicating improvement in the company's collection efficiency.

Overall, while there have been fluctuations in DSO, the recent trend suggests that Inspire Medical Systems Inc has been managing its accounts receivable effectively, which is a positive indicator for the company's financial health and liquidity.