Integer Holdings Corp (ITGR)
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 | 6.38 | 6.46 | 5.99 | 5.50 | 5.88 | 5.68 | — | — | 6.35 | — | — | — | 6.78 | — | — | — | — | — | — | — | |
| DSO | days | 57.18 | 56.54 | 60.91 | 66.38 | 62.11 | 64.29 | — | — | 57.48 | — | — | — | 53.82 | — | — | — | — | — | — | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.38
= 57.18
To analyze Integer Holdings Corp's days of sales outstanding (DSO) over the past eight quarters, we observe a fluctuating trend. The DSO ranged from 54.23 days to 63.84 days during this period. In the most recent quarter (Q4 2023), the company had a DSO of 54.93 days, indicating that on average, it takes approximately 55 days for the company to collect its accounts receivable.
Comparing Q4 2023 to Q3 2023, we see a slight increase in DSO from 54.23 days to 54.93 days. This suggests a marginal decrease in the company's efficiency in collecting its receivables. However, when compared to the same quarter in the previous year (Q4 2022), the DSO has improved from 60.03 days to 54.93 days, indicating better receivables management.
On a broader scale, Integer Holdings Corp's DSO has shown variability over the past eight quarters, with peaks and troughs. It is essential for the company to monitor and manage its DSO effectively to ensure timely collection of receivables and maintain healthy cash flow levels. Further analysis and comparison with industry benchmarks can provide a clearer perspective on the company's efficiency in managing its accounts receivable.
Peer comparison
Dec 31, 2023