Intuitive Surgical Inc (ISRG)

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		6.74	7.59	7.82	7.35	6.95	7.45	7.36	6.76	7.54	8.17	7.63	7.19	6.96	7.54	8.78	8.88	7.02	6.73	6.42	7.03
DSO	days	54.16	48.09	46.66	49.69	52.51	49.02	49.60	54.03	48.42	44.67	47.85	50.76	52.46	48.39	41.58	41.08	51.97	54.24	56.87	51.91

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.74
= 54.16

Intuitive Surgical Inc's Days of Sales Outstanding (DSO) have shown a fluctuating trend over the past eight quarters. In Q4 2023, the DSO stood at 57.91 days, representing an increase from the previous quarter. This suggests that the company took, on average, approximately 57.91 days to collect its accounts receivable.

The trend over the past year indicates that the DSO peaked in Q4 2022 at 55.26 days before decreasing gradually in subsequent quarters. The lowest DSO was recorded in Q2 2023 at 49.52 days, showing an improvement in the company's efficiency in collecting receivables. However, Q4 2023's increase may indicate a potential risk of delayed collections or changes in customer payment behavior.

In comparison to the same quarter in the previous year, Q4 2023's DSO is higher than the 56.00 days recorded in Q1 2022. This implies that Intuitive Surgical Inc might be facing challenges in managing its accounts receivable turnover efficiently.

Overall, closely monitoring the DSO trend and implementing strategies to streamline the accounts receivable process could help Intuitive Surgical Inc maintain healthy cash flow and financial stability.