Revvity Inc. (RVTY)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 4.35 | 5.40 | 3.74 | 3.27 | 3.98 | |
| DSO | days | 83.97 | 67.54 | 97.62 | 111.46 | 91.79 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.35
= 83.97
Based on the historical data provided, it can be observed that Revvity Inc.'s Days Sales Outstanding (DSO) has fluctuated over the past five years. In 2023, the DSO was 83.97 days, which decreased from the prior year's 67.54 days. This signifies that the company took longer to collect its accounts receivable in 2023 compared to 2022.
In 2022, the DSO was 73.75 days, which represented an improvement from the previous year's 111.46 days. This reduction in DSO indicates that the company was more efficient in collecting payments from customers in 2022.
However, in 2021, there was a significant increase in DSO to 111.46 days from 91.79 days in 2020. This suggests that the company faced challenges in collecting receivables promptly in 2021, leading to a longer collection period.
Overall, Revvity Inc. should focus on closely monitoring and managing its accounts receivable to ensure timely collection of payments, which can help improve cash flow and overall financial performance.
Peer comparison
Dec 31, 2023