Envista Holdings Corp (NVST)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 6.87 | 6.46 | 6.70 | 6.20 | 6.28 | 6.10 | 6.14 | 6.33 | 6.52 | 6.59 | — | — | 7.68 | — | — | — | 6.11 | — | |
| DSO | days | 53.11 | 56.47 | 54.50 | 58.86 | 58.08 | 59.79 | 59.44 | 57.65 | 55.99 | 55.41 | — | — | 47.50 | — | — | — | 59.70 | — |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.87
= 53.11
Days of Sales Outstanding (DSO) is a financial metric used to evaluate how long it takes a company to collect payment after making a sale. In the case of Envista Holdings Corp, the DSO trend over the past few quarters shows some fluctuations.
As of December 31, 2020, the DSO stood at 59.70 days, indicating that on average, it took around 59.70 days for Envista to collect its accounts receivable. This metric decreased to 47.50 days by the end of December 31, 2021, suggesting an improvement in collections efficiency.
Subsequently, the DSO increased to 55.41 days as of September 30, 2022, and continued to rise to 59.79 days by the end of September 30, 2023. However, in the most recent periods, the DSO seems to have stabilized, hovering around the range of 54.50 to 58.86 days from March 31, 2024, to June 30, 2024, indicating that collections have become more consistent.
Overall, the DSO trend of Envista Holdings Corp reflects fluctuations in the time taken to collect receivables over the quarters, with some improvements followed by slight increases in recent periods. This metric is critical for assessing the company's liquidity and efficiency in managing accounts receivable.
Peer comparison
Dec 31, 2024