Onto Innovation Inc (ONTO)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 3.60 | 4.16 | — | 3.73 | 2.47 | |
| DSO | days | 101.36 | 87.66 | — | 97.89 | 147.55 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.60
= 101.36
The days of sales outstanding (DSO) for Onto Innovation Inc have varied over the past five years. In 2023, the DSO was 101.36 days, which indicates that on average, it takes the company approximately 101 days to collect its accounts receivable. This represents an increase compared to the previous year, where the DSO was 87.66 days, suggesting that the company may be taking longer to collect payments from customers.
In 2021, there is no reported DSO data available. However, in 2020, the DSO was 97.89 days, showing a slight improvement from the previous year. The most significant observed DSO figure was in 2019, at 147.55 days, indicating that the company was taking even longer to collect payments from customers.
Overall, Onto Innovation Inc's DSO trend shows some variability, with fluctuations in the time taken to receive payment from customers. It is important for the company to closely monitor and manage its accounts receivable collection process to ensure timely and efficient cash flow management.
Peer comparison
Dec 31, 2023