Seagate Technology PLC (STX)
Days of sales outstanding (DSO)
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 11.48 | 13.15 | 10.49 | 10.73 | 9.37 | 8.62 | 11.34 | 9.63 | 7.61 | — | 8.55 | — | 9.22 | — | — | — | — | — | — | — | |
| DSO | days | 31.78 | 27.76 | 34.81 | 34.01 | 38.95 | 42.33 | 32.18 | 37.92 | 47.95 | — | 42.71 | — | 39.57 | — | — | — | — | — | — | — |
June 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 11.48
= 31.78
The Days of Sales Outstanding (DSO) for Seagate Technology PLC fluctuated over the past five quarters, ranging from a low of 27.76 days to a high of 42.33 days. A lower DSO indicates that the company is collecting accounts receivable more quickly, which can improve cash flow and liquidity. Conversely, a higher DSO may suggest potential issues with collecting payments from customers in a timely manner, which could impact the company's working capital and profitability.
It is important for Seagate Technology PLC to closely monitor and manage its DSO to ensure efficient accounts receivable management. Analyzing trends in DSO can help the company evaluate the effectiveness of its credit and collection policies, as well as identify any potential risks related to customer creditworthiness or market conditions.
Peer comparison
Jun 30, 2024