Shutterstock (SSTK)

Days of sales outstanding (DSO)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Receivables turnover		9.80	9.79	9.06	9.28	9.61	10.27	13.73	17.45	12.29	15.41	16.43	17.63	16.14	16.45	14.41	13.91	15.17	13.49	13.23	14.30
DSO	days	37.26	37.29	40.31	39.32	38.00	35.55	26.58	20.92	29.70	23.69	22.21	20.71	22.61	22.19	25.33	26.24	24.06	27.06	27.59	25.52

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.80
= 37.26

Shutterstock's Days Sales Outstanding (DSO) measures the average number of days it takes for the company to collect revenue after making a sale. Analyzing the DSO trend over time provides insight into the efficiency of the company's accounts receivable management.

From March 31, 2020, to December 31, 2024, Shutterstock's DSO varied within a range of 20.71 to 40.31 days. It is notable that there were fluctuations in the DSO figures during this period. The DSO decreased initially, reaching a low of 20.71 days on March 31, 2022, indicating efficient collections.

However, there was an upward trend in DSO from September 30, 2022, to December 31, 2024, with values exceeding 35 days. This increase suggests a slower collection of receivables, potentially pointing to issues such as extending credit to less creditworthy customers or ineffective collection processes.

Monitoring DSO levels regularly is crucial for Shutterstock to ensure timely cash inflows and maintain healthy liquidity. It may be beneficial for the company to review its credit policies, strengthen collection efforts, and address any potential issues impacting receivables turnover to optimize cash flow and working capital management.