Photronics Inc (PLAB)

Days of sales outstanding (DSO)

		Jan 28, 2024	Oct 31, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 31, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Oct 31, 2020	Aug 2, 2020	May 3, 2020	Feb 2, 2020	Oct 31, 2019	Jul 28, 2019	Apr 28, 2019
Receivables turnover		3.91	4.03	4.24	4.10	3.85	4.24	3.95	—	4.20	3.40	—	—	4.32	4.04	—	—	—	—	—	—
DSO	days	93.39	90.56	86.06	89.13	94.70	86.10	92.32	—	86.98	107.48	—	—	84.51	90.40	—	—	—	—	—	—

January 28, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.91
= 93.39

The Days of Sales Outstanding (DSO) for Photronics, Inc. have shown fluctuating trends over the analyzed periods. In Q1 2024, the DSO was 82.82 days, a decrease from the previous quarter's 79.76 days. This suggests that the company was able to collect its accounts receivable more efficiently in Q1 2024 compared to Q4 2023.

Looking at a broader timeline, there has been a general pattern of variability in DSO over the past few quarters. Despite some fluctuations, the DSO has generally ranged between 79.76 days to 95.24 days. This indicates that, on average, it takes Photronics, Inc. around 80 to 95 days to collect its accounts receivable.

The trend in DSO should be carefully monitored as it reflects the company's ability to manage its accounts receivable effectively. A decreasing DSO may indicate improved collections processes or stricter credit policies, while an increasing DSO could be a sign of potential issues with collecting payments from customers. Further analysis of the underlying factors influencing DSO changes may provide additional insights into Photronics, Inc.'s financial health and operational efficiency.