Qorvo Inc (QRVO)

Days of sales outstanding (DSO)

		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	Jun 30, 2019
Receivables turnover		8.82	6.73	5.04	9.73	10.78	10.30	—	—	7.73	—	—	—	8.78	—	—	—	—	—	—	—
DSO	days	41.38	54.27	72.36	37.50	33.85	35.45	—	—	47.22	—	—	—	41.58	—	—	—	—	—	—	—

March 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.82
= 41.38

The days of sales outstanding (DSO) for Qorvo Inc have fluctuated over the past few quarters. The DSO was 41.38 days as of March 31, 2024, indicating an improvement from the previous quarter. This suggests that Qorvo has been able to collect receivables more efficiently compared to the prior period.

Looking back, there was a significant increase in DSO to 72.36 days as of September 30, 2023, which might have raised concerns about the company's ability to collect payments promptly. However, the DSO decreased to 37.50 days as of June 30, 2023, showing a positive trend in receivables management.

During the analyzed period, there were some instances where DSO data was not available, indicating possible reporting gaps. These gaps make it challenging to assess the continuous trend in receivables turnover efficiency.

Overall, it is important for Qorvo Inc to maintain a DSO at optimal levels to ensure timely collection of accounts receivable and efficient management of working capital. Further analysis of the company's credit policies and collection processes may provide insights into improving DSO performance in the future.