Perficient Inc (PRFT)

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		5.06	4.96	4.96	4.98	4.47	4.60	4.33	4.37	4.28	4.29	4.47	4.55	4.57	4.31	4.55	4.56	4.38	4.37	4.33	4.44
DSO	days	72.07	73.57	73.62	73.25	81.59	79.36	84.22	83.62	85.21	85.02	81.64	80.24	79.92	84.72	80.25	80.13	83.33	83.51	84.36	82.17

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.06
= 72.07

Perficient Inc.'s Days Sales Outstanding (DSO) is a metric that indicates the average number of days it takes for the company to collect payment after making a sale. A lower DSO typically suggests that a company is efficient in collecting payments from its customers, while a higher DSO may indicate potential issues with collections or credit management.

Looking at Perficient Inc.'s DSO over the past eight quarters, we can observe some fluctuations in the metric. In Q4 2023, the DSO decreased to 72.07 days from 73.58 days in the previous quarter (Q3 2023). This decline is a positive sign as it indicates that the company was able to collect payments more quickly in the most recent quarter.

Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), we see a significant improvement in DSO, with a decrease from 81.58 days to 72.07 days. This indicates that Perficient Inc. has been better at managing its accounts receivable and collecting payments more efficiently.

Overall, Perficient Inc.'s decreasing trend in DSO over the past quarters reflects positively on the company's ability to manage its working capital effectively and indicates improved efficiency in collecting payments from customers. Continued monitoring of this ratio will be important to ensure that collection processes remain optimized.