IPG Photonics Corporation (IPGP)

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		5.25	5.04	4.86	4.96	5.67	5.97	4.97	4.98	4.88	4.67	4.35	4.01	3.59	3.89	4.44	4.97	4.74	4.41	4.22	5.00
DSO	days	69.49	72.37	75.11	73.59	64.41	61.15	73.41	73.32	74.73	78.24	83.91	90.98	101.60	93.78	82.29	73.51	77.01	82.83	86.51	72.95

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.25
= 69.49

The Days of Sales Outstanding (DSO) for IPG Photonics Corp have shown some fluctuations over the past 8 quarters. In Q4 2023, the DSO was reported at 62.10 days, which was slightly lower compared to the previous quarter at 63.39 days in Q3 2023. However, this DSO figure in Q4 2023 was higher than the DSO reported in Q4 2022 at 53.96 days.

Overall, the DSO for IPG Photonics Corp has been relatively stable around the 60-day mark in recent quarters, indicating that the company takes approximately two months to collect its accounts receivable. This consistency can be a positive indication of effective credit and collection management practices. However, management should continue to monitor DSO trends to ensure efficient cash flow management and timely collection of outstanding invoices.