NXP Semiconductors NV (NXPI)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 14.85 | 13.76 | 11.99 | 11.26 | 13.31 | |
| DSO | days | 24.58 | 26.54 | 30.45 | 32.42 | 27.43 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 14.85
= 24.58
NXP Semiconductors NV's Days of Sales Outstanding (DSO) have shown a decreasing trend over the past five years. The DSO was 24.58 days as of December 31, 2023, compared to 26.54 days in 2022, 30.45 days in 2021, 32.42 days in 2020, and 27.43 days in 2019.
This indicates that the company has been able to collect its accounts receivable more efficiently over the years, with a lower DSO reflecting faster cash conversion from sales. A decreasing DSO can signal effective credit management, improved collection processes, or stronger customer relationships.
Overall, the declining trend in DSO for NXP Semiconductors NV is a positive indicator of its working capital management and ability to efficiently generate cash flows from its sales operations.
Peer comparison
Dec 31, 2023