Grand Canyon Education Inc (LOPE)

Days of sales outstanding (DSO)

		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	Jun 30, 2020	Mar 31, 2020
Receivables turnover		12.36	8.62	28.67	7.18	11.96	8.70	27.52	8.69	10.63	6.28	18.88	6.43	8.62	9.08	41.09	9.25	13.17	8.72	36.22	10.03
DSO	days	29.52	42.35	12.73	50.84	30.51	41.97	13.26	41.99	34.35	58.15	19.34	56.77	42.35	40.18	8.88	39.48	27.72	41.86	10.08	36.41

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 12.36
= 29.52

The Days Sales Outstanding (DSO) is a metric that indicates the average number of days it takes for a company to collect revenue after making a sale. For Grand Canyon Education Inc, the DSO has shown fluctuations over the period from March 31, 2020, to December 31, 2024.

- The DSO was 36.41 days on March 31, 2020, and decreased to 10.08 days by June 30, 2020, indicating the company was able to collect revenue more quickly in the second quarter of 2020.
- The DSO increased to 58.15 days on September 30, 2022, which might suggest a delay in collecting revenue or changes in the company's sales terms.
- The DSO fluctuated throughout the following quarters, showing variations in the collection efficiency of the company.
- By December 31, 2024, the DSO had decreased to 29.52 days, indicating an improvement compared to the higher values observed earlier.

Overall, the analysis of Grand Canyon Education Inc's DSO suggests that the company has experienced fluctuations in its ability to collect revenue efficiently over the period, with both improvements and challenges in managing its accounts receivable effectively.