Verra Mobility Corp (VRRM)

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		0.44	0.44	0.46	0.45	0.49	0.41	0.37	0.29	0.21	0.66	0.86	1.30	23.09	2.38	2.91	3.36	3.54	3.08	3.13	3.41
DSO	days	827.79	823.95	791.72	805.03	745.97	894.23	979.25	1,276.45	1,735.51	554.66	425.47	281.19	15.81	153.25	125.63	108.65	103.04	118.45	116.43	107.01

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 0.44
= 827.79

To analyze Verra Mobility Corp's days of sales outstanding (DSO) over the past eight quarters, we observe a slight fluctuation in DSO ranging from 95.76 days to 122.26 days. In Q4 2023, the DSO stood at 104.90 days, showing a marginal decrease compared to Q3 2023. Despite the minor variations, the DSO has generally remained within the range of approximately 100 to 110 days, indicating a stable credit management process in collecting accounts receivable.

It is worth noting that the DSO peaked in Q2 2022 at 122.26 days, suggesting a slower collection of sales during that period. However, there has been an improvement since then, as demonstrated by the recent quarters. Overall, Verra Mobility Corp's DSO trend reflects a consistent effort to manage receivables effectively, although continued monitoring of this ratio is recommended to ensure timely cash inflows and efficient working capital management.