Bio-Techne Corp (TECH)
Days of sales outstanding (DSO)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 4.80 | 5.21 | 5.62 | 6.31 | 11.90 | |
| DSO | days | 76.00 | 70.12 | 64.89 | 57.86 | 30.67 |
June 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.80
= 76.00
The days of sales outstanding (DSO) for Bio-Techne Corp have shown an increasing trend over the past five years, indicating a lengthening of the average time it takes for the company to collect its accounts receivable.
In particular, the DSO increased from 30.67 days in 2020 to 76.00 days in 2024, reflecting a significant deterioration in the company's ability to convert its credit sales into cash. This may suggest that Bio-Techne Corp has been facing challenges in collecting payments from its customers in a timely manner.
The steady increase in DSO from 2020 to 2024 could indicate potential issues with the company's credit policies, customer payment behavior, or overall efficiency in managing accounts receivable. It is important for Bio-Techne Corp to closely monitor and address these trends to ensure healthy cash flow and liquidity in the future.
Peer comparison
Jun 30, 2024