Teledyne Technologies Incorporated (TDY)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 4.63 | 4.64 | 4.16 | 4.96 | 16.67 | |
| DSO | days | 78.92 | 78.59 | 87.71 | 73.62 | 21.90 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.63
= 78.92
Teledyne Technologies Inc's Days of Sales Outstanding (DSO) have shown varying trends over the past five years. In 2023, the company's DSO stood at 77.86 days, which was slightly higher compared to the previous year's 77.46 days. However, this figure was lower than in 2022 when it was 85.73 days.
It is interesting to note that in 2021, Teledyne's DSO decreased to 73.81 days compared to 2022, indicating an improvement in the collection of accounts receivable. The DSO then slightly increased in 2022 before decreasing again in 2023.
Overall, fluctuations in Teledyne's DSO suggest potential changes in the company's accounts receivable management and efficiency in collecting sales revenue. Further analysis of the underlying causes driving these trends could provide valuable insights into the company's financial performance and working capital management.
Peer comparison
Dec 31, 2023