NV5 Global Inc (NVEE)
Days of sales outstanding (DSO)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 8.25 | 7.07 | 7.68 | — | 7.74 | — | — | — | 6.57 | — | — | — | — | — | — | — | — | — | — | — | |
| DSO | days | 44.23 | 51.64 | 47.52 | — | 47.19 | — | — | — | 55.58 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.25
= 44.23
The days of sales outstanding (DSO) for NV5 Global Inc have shown some fluctuations over the past few quarters. As of December 31, 2023, the DSO stood at 44.23 days, indicating that on average, it takes the company approximately 44 days to collect its accounts receivable. This represents an improvement compared to the DSO of 47.19 days reported on December 31, 2022.
The DSO was highest on September 30, 2021, at 55.58 days, suggesting a longer period for accounts receivable collection, possibly pointing to challenges in collecting payments in a timely manner during that period. It is worth noting that there are missing data points for some quarters, which may impact the overall trend analysis.
Overall, monitoring the DSO metric is essential for assessing the efficiency of NV5 Global Inc's accounts receivable management. A decreasing trend in DSO signifies improved collection practices, while an increasing trend may raise concerns about liquidity and potential difficulties in collecting outstanding payments.
Peer comparison
Dec 31, 2023