KLA-Tencor Corporation (KLAC)

The data on KLA-Tencor Corporation's days of sales outstanding (DSO) over the specified periods reveal fluctuations in the company's receivables collection efficiency from September 30, 2020, through June 30, 2025.

Initially, the DSO was approximately 63.31 days at the end of September 2020, indicating a relatively efficient collection period. A notable increase occurred by December 31, 2020, where DSO rose to 78.95 days, suggesting a decline in receivables turnover and possibly extended credit terms or collection delays during that quarter. This upward trend persisted into March 31, 2021, with a DSO of 73.63 days, and remained elevated through June 30, 2021, at 73.67 days, reflecting a period of slower receivables collection.

Subsequently, the DSO increased further, reaching a peak of 81.58 days at the end of December 2021. This extended collection period may have indicated potential challenges in receivables management or shifts in customer credit policies. However, beginning in March 2022, there was a notable decrease to 68.31 days, signaling an improvement in receivables turnover.

From that point, the DSO generally fluctuated within a range of approximately 66 to 76 days, with some periods of stabilization, such as 66.63 days at the end of March 2023 and 67.30 days at June 30, 2023. The most recent data shows a downward trend again, with the DSO reaching 63.08 days at September 30, 2023, the shortest period within the observed timeframe, indicating a relatively rapid collection cycle. However, this was followed by an increase to 73.40 days at December 31, 2023, and slight fluctuations thereafter.

Overall, the trend suggests periods of both deterioration and improvement in receivables collection efficiency. The fluctuations may be attributable to changes in customer credit terms, sales mix, seasonality, or collection policies. The recent decrease in DSO near the end of September 2023 could be interpreted as an enhancement in collections, though the values remain within a broad range, signifying some ongoing variability in receivables management.

In conclusion, KLA-Tencor's DSO has experienced significant variation over the analyzed period, reflecting evolving credit and collection dynamics. The reduction in DSO toward late 2023-2024 indicates improved collection efficiency, yet the variability highlights the importance of ongoing receivables management to maintain a consistent and efficient cash conversion cycle.

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Jun 30, 2025