Penumbra Inc (PEN)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.25 | 4.17 | 5.58 | 4.89 | 5.17 | |
| DSO | days | 69.57 | 87.63 | 65.39 | 74.64 | 70.61 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.25
= 69.57
Penumbra Inc's days of sales outstanding (DSO) have shown variability over the past five years. In 2023, the DSO was 69.57 days, indicating that on average, it takes the company approximately 69.57 days to collect its accounts receivable. This represents an improvement compared to the prior year, where the DSO was 87.63 days.
When examining the trend over the past five years, it is evident that there have been fluctuations in Penumbra Inc's DSO. The DSO was lowest in 2021 at 65.39 days, indicating a more efficient collection of receivables, while it peaked in 2022 at 87.63 days.
Overall, it is essential for Penumbra Inc to continue monitoring and managing its DSO effectively to ensure timely collection of accounts receivable, which can positively impact its cash flow and overall financial performance.
Peer comparison
Dec 31, 2023