Match Group Inc (MTCH)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 11.27 | 16.61 | 15.83 | 17.45 | 6.67 | |
| DSO | days | 32.40 | 21.97 | 23.06 | 20.91 | 54.74 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 11.27
= 32.40
Match Group Inc.'s Days of Sales Outstanding (DSO) have shown some fluctuation over the past five years. The DSO was 32.40 days at the end of 2023, indicating that on average, it took the company approximately 32.40 days to collect revenue from its customers. This represents an increase compared to the previous year when DSO was 21.97 days.
The DSO in 2023 was also higher than the numbers reported in 2021 and 2020, which were 23.06 days and 20.91 days, respectively. This suggests that Match Group Inc. may be taking longer to collect payments from its customers in 2023 compared to prior years, which could potentially impact its cash flow and liquidity position.
It's worth noting that the DSO of 32.40 days in 2023 is still lower than the figure reported in 2019, which was 23.60 days. This indicates that Match Group Inc. has improved its collection efficiency compared to five years ago, despite the recent increase in DSO.
Overall, Match Group Inc. should closely monitor its DSO trend to ensure efficient management of accounts receivable and timely collection of revenue to maintain healthy cash flows.
Peer comparison
Dec 31, 2023