Knowles Cor (KN)
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 | 5.23 | 5.79 | 5.87 | 6.46 | 5.68 | 6.23 | 6.70 | 6.07 | 5.92 | 6.76 | 7.28 | 6.99 | 5.82 | 6.03 | 7.73 | 6.95 | 5.36 | 5.20 | 6.22 | 6.35 | |
| DSO | days | 69.79 | 62.99 | 62.19 | 56.48 | 64.29 | 58.58 | 54.45 | 60.14 | 61.64 | 54.02 | 50.17 | 52.19 | 62.75 | 60.53 | 47.23 | 52.52 | 68.15 | 70.17 | 58.66 | 57.51 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.23
= 69.79
Knowles Corp's Days Sales Outstanding (DSO) has shown some fluctuation over the past eight quarters. In Q4 2023, the DSO increased to 69.79 days from 62.99 days in the previous quarter, indicating that it took the company longer to collect revenue from customers. This increase in DSO may suggest potential issues with accounts receivable management or a slowdown in collections efficiency.
Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), there was a slight increase in DSO from 64.29 days to 69.79 days. This could be an indication of a deteriorating trend in the company's collection process, potentially affecting its cash flows and liquidity.
Overall, Knowles Corp should closely monitor its DSO trend and seek to identify the root causes of any increases to ensure efficient management of accounts receivable and maintain healthy cash flow levels.
Peer comparison
Dec 31, 2023