Qualcomm Incorporated (QCOM)
Days of sales outstanding (DSO)
Sep 30, 2024 | Jun 23, 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Receivables turnover | 16.35 | — | — | — | 18.28 | — | — | — | 10.50 | — | — | — | 15.09 | — | — | — | 8.72 | 21.28 | — | — | |
DSO | days | 22.32 | — | — | — | 19.97 | — | — | — | 34.75 | — | — | — | 24.19 | — | — | — | 41.85 | 17.16 | — | — |
September 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 16.35
= 22.32
Days of Sales Outstanding (DSO) is a key financial ratio used to measure the average number of days a company takes to collect revenue after a sale has been made. A lower DSO indicates more efficient accounts receivable management, while a higher DSO suggests potential issues with collecting payments.
Analyzing Qualcomm Incorporated's DSO based on the provided data, we observe fluctuations in the ratio over the past few quarters. In the most recent period of September 30, 2024, the DSO stood at 22.32 days, which indicates a relatively efficient collections process compared to the previous reported period in September 30, 2023, where the DSO was 19.97 days.
There are instances where the DSO is not reported (denoted by "— days"), making it challenging to track a consistent trend. However, it is essential for Qualcomm to monitor and manage its DSO actively to ensure timely collection of accounts receivable and maintain healthy cash flow.
Further analysis over additional quarters would provide a more comprehensive view of Qualcomm's overall performance in managing its accounts receivable and its effectiveness in collecting revenue in a timely manner. This information is crucial for investors and stakeholders to assess the company's financial health and operational efficiency.
Peer comparison
Sep 30, 2024
See also:
Qualcomm Incorporated Average Receivable Collection Period (Quarterly Data)