Perrigo Company PLC (PRGO)

Days of sales outstanding (DSO)

		Jun 30, 2024	Mar 31, 2024	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
Receivables turnover		6.10	5.84	6.29	6.31	6.14	—	6.39	—	—	—	6.34	—	—	—	—	—	—	—	—	—
DSO	days	59.83	62.49	57.99	57.86	59.44	—	57.16	—	—	—	57.58	—	—	—	—	—	—	—	—	—

June 30, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.10
= 59.83

The Days Sales Outstanding (DSO) for Perrigo Company PLC has shown variations over the past periods based on the available data. In general, DSO indicates the average number of days it takes for a company to collect revenue after a sale is made. From the data provided, it can be observed that the DSO figures have ranged from 57.16 days to 62.49 days.

Analyzing specific periods, the DSO was 59.83 days as of June 30, 2024, lower compared to the 62.49 days reported on March 31, 2024. A decrease in DSO can suggest that the company is collecting its accounts receivable more efficiently. Similarly, the DSO was 57.99 days as of December 31, 2023, indicating a relatively quicker collection process compared to the previous quarter.

However, there are some gaps in data where the DSO values are not available, making it difficult to track the trend consistently. Further analysis of the missing data points would provide a more comprehensive understanding of Perrigo Company PLC's collection efficiency over the periods in question.

Overall, while fluctuations in DSO are normal for companies, a decreasing trend in DSO over time can reflect an improvement in the company's credit and collection policies, whereas an increasing trend may indicate potential issues with collecting receivables promptly.