Itron Inc (ITRI)
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 | 7.14 | 6.47 | 6.02 | 5.93 | 6.38 | 6.65 | 7.08 | 6.21 | 6.43 | 6.18 | 6.03 | 5.60 | 5.76 | 5.80 | 5.65 | 5.28 | 5.21 | 5.17 | 5.13 | 4.95 | |
| DSO | days | 51.14 | 56.41 | 60.64 | 61.55 | 57.21 | 54.92 | 51.58 | 58.80 | 56.78 | 59.09 | 60.50 | 65.13 | 63.39 | 62.97 | 64.55 | 69.11 | 70.10 | 70.62 | 71.18 | 73.76 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.14
= 51.14
The days of sales outstanding (DSO) for Itron Inc. have shown fluctuations over the past eight quarters. In Q4 2023, the DSO was 51.02 days, a decrease from the previous quarter's 56.26 days. This indicates that the company collected its accounts receivable more quickly in Q4 2023.
Compared to a year ago in Q4 2022, the DSO in Q4 2023 was slightly lower, suggesting an improvement in the management of accounts receivable. However, it is worth noting that the DSO was higher in the first half of 2023 compared to the same periods in 2022.
Overall, the trend in DSO for Itron Inc. appears to have improved in Q4 2023, showing better efficiency in collecting outstanding sales. However, it is important to monitor future quarters to assess the sustainability of this trend and ensure effective management of accounts receivable.
Peer comparison
Dec 31, 2023