Qualcomm Incorporated (QCOM)

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		—	18.28	—	—	—	10.50	—	—	—	15.09	—	—	—	8.72	21.28	—	—	22.90	23.85	8.67
DSO	days	—	19.97	—	—	—	34.75	—	—	—	24.19	—	—	—	41.85	17.16	—	—	15.94	15.30	42.09

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —

Days Sales Outstanding (DSO) is a key indicator of how efficiently a company manages its accounts receivable. It represents the average number of days it takes a company to collect payment after making a sale.

Looking at the historical DSO data for Qualcomm Incorporated, we observe fluctuations in the metric over the past few quarters. DSO was 19.97 days as of December 31, 2023, indicating an improvement in collecting payments compared to previous periods.

The trend in DSO shows variability, with some quarters showing longer collection periods (e.g., 41.85 days in March 31, 2020) and other quarters showing shorter collection periods (e.g., 15.94 days in March 31, 2019). These fluctuations suggest potential changes in the company's credit policies, payment terms with customers, or effectiveness of its collection processes.

Overall, a lower DSO is generally favorable as it signifies that the company is collecting payments more quickly, improving its cash flow and liquidity position. However, it is essential to compare DSO with industry benchmarks and analyze it in conjunction with other financial ratios to gain a comprehensive understanding of Qualcomm's accounts receivable management efficiency.