Perficient Inc (PRFT)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.06 | 4.47 | 4.12 | 4.57 | 4.38 | |
| DSO | days | 72.07 | 81.59 | 88.55 | 79.95 | 83.33 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.06
= 72.07
The Days Sales Outstanding (DSO) ratio for Perficient Inc. has shown a mixed trend over the last five years. In 2023, the company's DSO decreased to 72.07 days from 81.58 days in 2022, indicating that the company is collecting its accounts receivable more efficiently. However, compared to 2021, where the DSO was 85.18 days, the improvement is more significant.
It is worth noting that despite the improvement in 2023, the DSO in 2020 was lower at 79.36 days. Additionally, in 2019, the DSO was 83.33 days, suggesting that the company has managed its accounts receivable more efficiently in recent years.
Overall, the decreasing trend in DSO from 2022 to 2023 is a positive indicator of the company's ability to collect payments from its customers in a timely manner and manage its working capital effectively. Further monitoring of this ratio will be essential to assess the company's continued efficiency in collecting receivables.
Peer comparison
Dec 31, 2023