NetApp Inc (NTAP)
Days of sales outstanding (DSO)
| Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | — | 6.16 | — | 6.38 | — | |
| DSO | days | — | 59.24 | — | 57.23 | — |
April 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
The days of sales outstanding (DSO) is a measure of how long it takes for a company to collect payment on its sales. Looking at the data provided for NetApp Inc, the DSO fluctuated over the years.
As of April 28, 2023, NetApp Inc had a DSO of 57.23 days, indicating that it took the company approximately 57 days to collect payments from customers. This was a slightly lower DSO compared to the following year, April 26, 2024, when the DSO increased to 59.24 days.
Interestingly, data for April 30, 2022, and April 30, 2023, shows missing values marked as "— days", which may suggest inconsistency in reporting or data availability.
Overall, monitoring the days of sales outstanding metric can provide insights into the efficiency of NetApp Inc's accounts receivable management and cash flow cycle. Further analysis and comparison with industry benchmarks can help assess the company's performance in managing its receivables.
Peer comparison
Apr 30, 2024