Perdoceo Education Corp (PRDO)

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		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	11.45	20.62	21.76	19.81
DSO	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	31.89	17.70	16.77	18.43

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —

The Days Sales Outstanding (DSO) ratio for Perdoceo Education Corporation has exhibited some fluctuations over the past eight quarters. In Q4 2023, the DSO was recorded at 17.45 days, marking a significant decrease compared to the previous quarter, Q3 2023, where it stood at 26.34 days. This decline indicates that the company has been able to convert its accounts receivable into cash more efficiently during the fourth quarter of 2023.

Looking further back, in Q2 and Q1 2023, the DSO was 24.72 days and 25.42 days respectively, showing a relatively stable performance during that period. Comparing the current DSO to the same quarter in the previous year, Q4 2022, which was at 24.16 days, there has been a notable improvement in collecting receivables promptly.

Analyzing the trend over the last eight quarters, the company's DSO has generally been in the range of the low to mid-20s days, with some variability. Overall, a lower DSO indicates that Perdoceo Education Corporation has been efficient in collecting payments from its customers, which can positively impact cash flow and liquidity. It is important for the company to continue monitoring and managing its accounts receivable effectively to sustain this improved performance in the future.