VeriSign Inc (VRSN)

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		237.00	322.15	211.96	—	229.82	108.22	129.57	201.63	251.25	142.86	131.96	202.09	272.53	197.50	233.39	245.25	75.82	151.10	123.67	114.30
DSO	days	1.54	1.13	1.72	—	1.59	3.37	2.82	1.81	1.45	2.55	2.77	1.81	1.34	1.85	1.56	1.49	4.81	2.42	2.95	3.19

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 237.00
= 1.54

Days Sales Outstanding (DSO) is a key metric used to evaluate how efficiently a company collects its accounts receivable. A lower DSO indicates faster collection of cash from customers, which is generally favorable.

Verisign Inc.'s DSO has shown some fluctuation over the past eight quarters. In Q4 2023, the company had a DSO of 3.32 days, which increased significantly from the prior quarter's DSO of 1.13 days. This suggests that Verisign took longer to collect payments from customers in Q4 2023.

Comparing to the same quarter in the previous year, Q4 2022, Verisign's DSO had also increased, from 2.07 days to 3.32 days. This indicates a deteriorating trend in the company's accounts receivable collection efficiency.

It is worth noting that in Q3 2023 and Q2 2023, Verisign had a very low DSO of 1.13 days and 1.72 days, respectively, indicating a strong performance in collecting accounts receivable during those quarters.

Overall, Verisign Inc. should closely monitor its accounts receivable management to ensure timely collection of outstanding payments and maintain a healthy cash flow position.