Lumentum Holdings Inc (LITE)
Days of sales outstanding (DSO)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 6.58 | 5.76 | 6.23 | 6.94 | 6.98 | 6.19 | 5.79 | 7.17 | 7.18 | 6.54 | 5.54 | 5.20 | 6.54 | 6.95 | 7.14 | 6.61 | 8.19 | 7.65 | 6.15 | 6.38 | |
| DSO | days | 55.47 | 63.38 | 58.57 | 52.56 | 52.28 | 59.00 | 63.00 | 50.89 | 50.84 | 55.80 | 65.91 | 70.18 | 55.84 | 52.54 | 51.16 | 55.25 | 44.57 | 47.74 | 59.34 | 57.23 |
June 30, 2025 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.58
= 55.47
The analysis of Lumentum Holdings Inc.'s days of sales outstanding (DSO) over the specified period reveals a general trend of fluctuations with periods of both improvement and deterioration. Initially, as of September 30, 2020, the DSO was approximately 57.23 days, indicating the company took about 57 days to collect its receivables. This value increased slightly by December 31, 2020, to 59.34 days, suggesting a modest delay in receivables collection.
From the first quarter of 2021 through mid-2021, the DSO showed improvement, decreasing to a low of approximately 44.57 days by June 30, 2021, which signifies more efficient receivables collection. However, a subsequent increase to around 55.25 days by September 2021 and further fluctuations in subsequent periods indicate inconsistency in collection periods.
Throughout 2022, the DSO fluctuated between approximately 51.16 days and 70.18 days. Notably, during the third quarter of 2022, DSO peaked at over 70 days, indicating a significant slowdown in collections compared to earlier periods. This upward trend continued into the end of 2022, with a DSO of approximately 65.91 days, reflecting a deterioration in receivables turnover.
In 2023, the DSO showed some stabilization and improvement, decreasing to around 50.84 days by June 30, 2023, and remaining relatively stable into the third quarter at approximately 50.89 days. However, in the last quarter of 2023, the DSO increased again to 63.00 days, signaling a slowdown in collection efficiency. The trend continued into the first half of 2024, with the DSO fluctuating between approximately 52.28 days and 59.00 days, with the most recent data point at 63.38 days as of March 31, 2025.
Overall, the DSO has exhibited periods of improvement followed by periods of escalation, indicating varying levels of receivables management efficiency. The periods around late 2022 and late 2023 particularly highlight notable increases, which could be associated with changes in credit policies, customer payment behaviors, macroeconomic factors, or operational adjustments. The recent values suggest a tendency toward longer collection cycles, which may impact cash flow and liquidity positions.
Peer comparison
Jun 30, 2025