Envista Holdings Corp (NVST)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 6.30 | 6.53 | 7.56 | 5.34 | 5.15 | |
| DSO | days | 57.95 | 55.91 | 48.29 | 68.30 | 70.87 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.30
= 57.95
The Days Sales Outstanding (DSO) of Envista Holdings Corp has shown some fluctuations over the past five years. In 2023, the DSO was 57.95 days, slightly higher compared to 2022 when it was 55.91 days. However, in 2021, the DSO was relatively lower at 48.29 days. This indicates that in 2021, the company was able to collect its accounts receivable more efficiently compared to the surrounding years. In 2020 and 2019, the DSO figures were 57.74 days and 58.84 days respectively, showing a similar trend to 2023.
Overall, the DSO trend suggests that there may have been variations in the company's accounts receivable collection efficiency over the years, which may warrant further investigation to understand the underlying factors driving these changes.
Peer comparison
Dec 31, 2023