Medtronic PLC (MDT)
Days of sales outstanding (DSO)
| Apr 26, 2024 | Apr 28, 2023 | Apr 29, 2022 | Apr 30, 2021 | Apr 24, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.38 | 5.26 | 5.62 | 5.29 | 5.90 | |
| DSO | days | 67.86 | 69.44 | 64.97 | 69.02 | 61.84 |
April 26, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.38
= 67.86
The days of sales outstanding (DSO) for Medtronic PLC have shown some variations over the past five years. In April 2024, the DSO is 67.86 days, slightly lower compared to April 2023 at 69.44 days. This indicates that the company is collecting its accounts receivable more efficiently in 2024.
Looking further back, in April 2022, the DSO was 64.97 days, showing a decrease from the previous year which suggests an improvement in collecting sales. In April 2021 and 2020, the DSO was 69.02 days and 61.84 days respectively. The DSO decreasing in 2020 then increasing in 2021 and slightly falling again in 2024 may indicate some fluctuations in the company's accounts receivable management efficiency.
Overall, while there have been some fluctuations in the DSO over the years, Medtronic PLC has generally maintained a relatively stable collection period for its sales. The company may benefit from further analyzing the factors contributing to these fluctuations to ensure consistent and efficient accounts receivable management in the future.
Peer comparison
Apr 26, 2024