Integer Holdings Corp (ITGR)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 6.38 | 5.88 | 6.35 | 6.57 | 6.29 | |
| DSO | days | 57.18 | 62.11 | 57.48 | 55.53 | 58.02 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.38
= 57.18
Days Sales Outstanding (DSO) is a key metric that indicates the average number of days it takes for a company to collect revenue after a sale is made. A lower DSO suggests that the company is able to collect payments more quickly, which is generally favorable.
Analyzing Integer Holdings Corp's DSO over the past five years shows some fluctuations in the metric. In 2023, the DSO decreased to 54.93 days from 60.03 days in 2022, indicating an improvement in the company's ability to collect payments more promptly. This may be a positive sign of efficient accounts receivable management or better customer payment behavior.
Comparing the 2023 DSO to previous years, it is slightly lower than in 2021 and 2019 but slightly higher than in 2020. These differences suggest relatively consistent performance in managing receivables over the past five years.
Overall, the decreasing trend in DSO from 2022 to 2023 is a positive indicator of Integer Holdings Corp's ability to efficiently collect payments from customers, which may lead to improved cash flow and liquidity for the company.
Peer comparison
Dec 31, 2023