Mercury Systems Inc (MRCY)
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 | 2.35 | 2.37 | 2.31 | 2.03 | 2.01 | 2.01 | 2.06 | 1.93 | 1.92 | 2.01 | 2.09 | 2.00 | 2.21 | 2.59 | 2.98 | 3.13 | 3.17 | 3.37 | 3.50 | 3.97 | |
| DSO | days | 155.31 | 154.10 | 158.13 | 179.72 | 181.55 | 181.31 | 176.85 | 188.94 | 190.13 | 181.45 | 174.97 | 182.25 | 165.42 | 141.14 | 122.60 | 116.53 | 115.24 | 108.20 | 104.16 | 91.95 |
June 30, 2025 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 2.35
= 155.31
The analysis of Mercury Systems Inc.'s Days of Sales Outstanding (DSO) over the specified period reveals a pattern of incremental increases followed by partial reductions. Starting from approximately 91.95 days as of September 30, 2020, the DSO experienced a steady upward trend, reaching a peak of approximately 190.13 days by June 30, 2024.
Initially, from September 2020 through September 2021, the DSO increased gradually, indicating a lengthening in the average collection period. This trend continued more markedly from early 2022 onward, with the DSO surpassing 165 days by June 2022 and reaching over 182 days by September 2022. The peak during this period is observed at approximately 190.13 days in June 2024.
Following this peak, a slight downward movement is evident, with the DSO decreasing to around 176.85 days by the end of 2024. Subsequently, there is a notable reduction in the most recent data, with the DSO dropping to approximately 154.10 days as of March 2025. This indicates an improvement in receivables collection efficiency in the last reported period.
Overall, the trend suggests an increasing focus on longer credit terms or potential challenges in receivables collection over the initial years, culminating in a peak around mid-2024, followed by signs of improvement in the collection process towards early 2025. The variability in the DSO reflects the company's changing credit policies, customer mix, or collection effectiveness during this period.
Peer comparison
Jun 30, 2025