Sitime Corporation (SITM)

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
Receivables turnover		6.59	6.45	12.68	11.73	6.88	6.65	7.45	8.27	5.70	5.65	5.53	5.60	4.71	5.79
DSO	days	55.41	56.59	28.78	31.13	53.06	54.90	49.00	44.13	64.02	64.64	66.05	65.13	77.48	63.06

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.59
= 55.41

SiTime Corp's days of sales outstanding (DSO) has shown some fluctuations over the past eight quarters. The DSO was relatively high in Q4 2023 at 55.41 days, compared to the previous quarter's 56.59 days. This indicates that the company is taking longer to collect its accounts receivable from customers, which may impact its cash flow and liquidity.

In Q2 2023, the DSO was significantly lower at 28.78 days, showing an efficient collection of receivables during that period. However, it increased in Q3 2023 and Q4 2023, suggesting potential challenges in managing accounts receivable in those quarters.

Comparing the current DSO to the same period last year, there has been a slight increase from 53.06 days in Q4 2022 to 55.41 days in Q4 2023. This may indicate a lengthening of the collection period over the year, requiring further investigation into the company's receivables management practices.

Overall, SiTime Corp's DSO trend suggests fluctuations in its accounts receivable collection efficiency, which may require management's attention to ensure optimal cash flow and working capital management in the future.