Vicor Corporation (VICR)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 7.86 | 6.12 | 13.05 | 14.49 | 13.82 | |
| DSO | days | 46.41 | 59.62 | 27.97 | 25.19 | 26.41 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.86
= 46.41
The Days of Sales Outstanding (DSO) measure for Vicor Corp. has shown fluctuations over the past five years. In 2023, Vicor Corp. was able to collect its accounts receivable in approximately 47.43 days, which was an improvement from the previous year's DSO of 59.84 days. This indicates that the company was more efficient in converting its accounts receivable into cash during the most recent period.
Comparing the DSO figures over the past five years, we observe that Vicor Corp. experienced a peak in DSO in 2022 at 59.84 days, followed by a decrease in 2023 to 47.43 days. The trend shows that Vicor Corp. has been successful in managing its accounts receivable turnover more effectively in the recent year.
Analyzing the DSO trend further, the company had a lower DSO in 2023 compared to 2021 and 2020, indicating an improvement in its collection process. However, it is worth noting that the DSO in 2023 was slightly higher than the figure in 2019.
Overall, the decreasing trend in DSO over the past two years suggests that Vicor Corp. has been more efficient in collecting its accounts receivable, which is a positive indicator of the company's liquidity and cash flow management.
Peer comparison
Dec 31, 2023