Quidel Corporation (QDEL)
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 | ||
|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 6.78 | 6.69 | 8.61 | — | ||||
| DSO | days | 53.84 | 54.57 | 42.41 | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.78
= 53.84
Based on the data provided, Quidel Corporation's Days Sales Outstanding (DSO) has shown some fluctuation in recent quarters.
- As of December 31, 2023, the DSO was 53.84 days, showing a slight increase from the previous quarter's 54.57 days.
- The DSO was at its lowest in the second quarter of 2023 at 42.41 days, indicating a more efficient collection of accounts receivable during that period.
- However, no data is available for the first quarter of 2023, making it difficult to provide a complete trend analysis for the year.
Overall, Quidel Corporation should continue to monitor its DSO closely to ensure timely collection of receivables and maintain healthy cash flow levels.
Peer comparison
Dec 31, 2023