Shutterstock (SSTK)

Days of sales outstanding (DSO)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Receivables turnover		9.80	9.61	12.29	16.14	15.28
DSO	days	37.24	38.00	29.70	22.61	23.90

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.80
= 37.24

Based on the data provided, the days of sales outstanding (DSO) for Shutterstock have been fluctuating over the past five years. In December 2020, the DSO was 23.90 days, indicating that on average, it took the company almost 24 days to collect revenue from its customers.

By December 2021, the DSO had improved to 22.61 days, suggesting a more efficient collection of receivables. However, in December 2022, there was a notable increase in DSO to 29.70 days, reflecting a potential delay in collecting sales proceeds.

The trend continued in December 2023, with DSO increasing further to 38.00 days, indicating a significant extension in the collection period. By December 2024, although the DSO decreased slightly to 37.24 days, it remained at a relatively high level, signaling a continued challenge in collecting sales revenue promptly.

In conclusion, the fluctuating DSO over the past five years for Shutterstock highlights the importance of closely monitoring accounts receivable management to ensure timely collection of revenue and maintain healthy cash flows.