Varex Imaging Corp (VREX)
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 | 6.30 | 5.47 | 5.59 | 5.60 | 5.55 | 4.99 | — | — | 6.65 | 5.30 | — | — | — | 5.96 | — | — | — | — | — | — | |
| DSO | days | 57.95 | 66.74 | 65.27 | 65.16 | 65.78 | 73.14 | — | — | 54.90 | 68.87 | — | — | — | 61.20 | — | — | — | — | — | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.30
= 57.95
The Days of Sales Outstanding (DSO) for Varex Imaging Corp has shown some variability over the past few quarters. The DSO indicates the average number of days it takes for the company to collect payments from its customers after making sales.
In the most recent quarter available (Dec 31, 2023), the DSO stood at 57.95 days, showing an improvement compared to the prior quarter. This suggests that Varex Imaging Corp was able to collect payments more efficiently from its customers during this period.
Looking back further, there were fluctuations in the DSO with peaks observed in some quarters such as Sep 30, 2022 (73.14 days) and Jun 30, 2023 (65.27 days). These higher DSO figures may indicate potential issues with the company's accounts receivable management or difficulties in collecting payments from customers promptly during those periods.
On the other hand, some quarters like Dec 31, 2021 (54.90 days) and Jun 30, 2020 (61.20 days) showed lower DSO figures, reflecting better efficiency in collecting payments.
Overall, analyzing the trend in DSO for Varex Imaging Corp can provide insights into the company's effectiveness in managing its accounts receivable and collecting payments in a timely manner, which is crucial for maintaining healthy cash flows and liquidity.
Peer comparison
Dec 31, 2023