Envista Holdings Corp (NVST)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 6.28 | 6.10 | 6.14 | 6.33 | 6.52 | 6.59 | — | — | 7.68 | — | — | — | 6.11 | — | ||||
| DSO | days | 58.08 | 59.79 | 59.44 | 57.65 | 55.99 | 55.41 | — | — | 47.50 | — | — | — | 59.70 | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.28
= 58.08
To analyze the Days Sales Outstanding (DSO) trend of Envista Holdings Corp, we observe that DSO has fluctuated over the last eight quarters. The highest DSO of 60.64 days was recorded in Q3 2022, while the lowest DSO of 51.44 days was reported in Q1 2022.
On average, the DSO for Envista Holdings Corp over the past eight quarters is approximately 57.88 days. This indicates that, on average, the company takes around 58 days to collect its accounts receivable.
It is important to note that a decreasing DSO trend generally implies that the company is collecting its accounts receivable more efficiently, while an increasing trend may suggest potential issues with collections or credit policies.
Overall, while Envista Holdings Corp's DSO has fluctuated over the past quarters, it would be beneficial for the company to analyze the reasons behind these fluctuations to ensure efficient account receivable management and maintain healthy cash flows.
Peer comparison
Dec 31, 2023