Proto Labs Inc (PRLB)
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 | 5.90 | 6.24 | 6.40 | 6.25 | 6.08 | 6.09 | 5.87 | 5.72 | 5.99 | 5.38 | 5.13 | 5.70 | 7.44 | 7.20 | 7.35 | 7.41 | 7.98 | 6.87 | 7.00 | 7.01 | |
| DSO | days | 61.83 | 58.54 | 57.08 | 58.43 | 59.99 | 59.92 | 62.20 | 63.83 | 60.91 | 67.89 | 71.09 | 64.05 | 49.09 | 50.70 | 49.68 | 49.23 | 45.71 | 53.15 | 52.17 | 52.07 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.90
= 61.83
Days of Sales Outstanding (DSO) measures the average number of days it takes for a company to collect payments from its customers. A lower DSO indicates a shorter time to collect receivables, which is generally favorable as it reflects efficient cash flow management and effective credit policies.
Proto Labs Inc's DSO has shown a slight improvement from Q1 2022 to Q4 2023, decreasing from 63.74 days to 54.38 days. This indicates an enhancement in the company's ability to collect payments from customers in a timely manner over this period.
While there have been fluctuations in DSO throughout the quarters, the general trend in recent periods has been a reduction in DSO, which is a positive indicator of Proto Labs Inc's operational efficiency in managing accounts receivable. However, it is essential for the company to continue monitoring and managing DSO to ensure timely collection of receivables and maintain strong cash flows.
Peer comparison
Dec 31, 2023