Onto Innovation Inc (ONTO)
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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 3.60 | 4.06 | 4.78 | — | 4.16 | — | — | — | — | 4.00 | 3.69 | 4.13 | 3.73 | 3.97 | 3.33 | 2.58 | 2.47 | 4.36 | 4.76 | 6.03 | |
| DSO | days | 101.36 | 89.94 | 76.41 | — | 87.65 | — | — | — | — | 91.34 | 98.95 | 88.39 | 97.89 | 91.91 | 109.51 | 141.50 | 147.55 | 83.81 | 76.68 | 60.58 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.60
= 101.36
The Days Sales Outstanding (DSO) for Onto Innovation Inc has shown some variability over the past few quarters. DSO represents the average number of days it takes for the company to collect payment after making a sale.
In the most recent quarter, ending December 31, 2023, the DSO increased to 101.36 days compared to the previous quarter's 89.94 days. This suggests that Onto Innovation Inc is taking longer to collect payments from its customers, which could potentially indicate issues with accounts receivable management or customer payment behavior.
Looking back over the available data, there are fluctuations in DSO over the quarters, with some periods showing significant improvements in collection efficiency while others exhibiting longer collection periods. For instance, in March 2020, the DSO was at a low of 60.58 days, indicating a strong collections process at that time.
It is essential for Onto Innovation Inc to closely monitor and manage its DSO to ensure timely collection of receivables, as a higher DSO can impact cash flow and liquidity. By analyzing trends in DSO and identifying the root causes of changes, the company can take corrective actions to optimize its accounts receivable processes and improve overall financial performance.
Peer comparison
Dec 31, 2023