Teradyne Inc (TER)

Days of sales outstanding (DSO)

		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	Jun 30, 2019	Mar 31, 2019
Receivables turnover		6.34	6.00	5.80	—	6.42	—	—	—	6.72	—	—	—	—	—	—	—	—	—	—	—
DSO	days	57.57	60.78	62.93	—	56.82	—	—	—	54.29	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.34
= 57.57

The Days Sales Outstanding (DSO) for Teradyne, Inc. has shown some fluctuations over the past eight quarters. In Q4 2023, the DSO decreased to 57.57 days from 60.78 days in Q3 2023. This improvement suggests that the company is collecting its accounts receivable more efficiently in the most recent quarter.

Comparing the DSO to Q2 2023 and Q1 2023, where it was at 62.93 days and 55.08 days respectively, it appears that there was some inconsistency in the collection of receivables during these periods.

Looking back at Q4 2022, the DSO was at a similar level of 56.82 days, showing a slight increase in the most recent quarter. Although, compared to Q3 2022 and Q2 2022, where the DSO was higher at 58.51 days and 72.72 days respectively, there seems to have been an improvement in the fourth quarter of 2023.

Overall, it is important for Teradyne, Inc. to monitor its DSO closely to ensure efficient management of accounts receivable and timely collection of outstanding payments from customers.