TransMedics Group Inc (TMDX)

Days of sales outstanding (DSO)

		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	Dec 31, 2019
Receivables turnover		4.45	4.42	3.62	3.80	3.16	3.18	3.08	3.38	3.26	3.96	3.33	5.10	6.80	4.77	3.40	3.74	3.92	5.46	4.31	3.60
DSO	days	82.02	82.57	100.73	96.04	115.41	114.82	118.32	107.83	112.09	92.10	109.47	71.57	53.67	76.44	107.27	97.72	93.13	66.88	84.61	101.42

September 30, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.45
= 82.02

The days sales outstanding (DSO) for TransMedics Group Inc has fluctuated over the past few quarters. In the most recent quarter, September 30, 2024, the DSO was 82.02 days, which indicates that on average, it takes the company 82.02 days to collect its accounts receivable. This reflects an improvement compared to the previous quarter's DSO of 82.57 days. However, when compared to historical data, the DSO has varied significantly, with peaks recorded in March 31, 2023 (118.32 days) and September 30, 2023 (115.41 days).

Overall, the trend in DSO suggests that TransMedics Group Inc has experienced fluctuations in its accounts receivable collection efficiency over the past few quarters. It is essential for the company to manage its receivables effectively to ensure timely collection and maintain healthy cash flow levels.