Waters Corporation (WAT)

Days of sales outstanding (DSO)

		Dec 31, 2024	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
Receivables turnover		3.97	4.22	4.53	4.47	4.07	4.62	4.22	—	4.04	—	—	—	4.47	—	—	—	4.04	4.54	4.48	4.42
DSO	days	92.01	86.50	80.50	81.69	89.69	79.09	86.43	—	90.26	—	—	—	81.58	—	—	—	90.34	80.47	81.39	82.64

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.97
= 92.01

Waters Corporation's Days Sales Outstanding (DSO) measures the average number of days it takes for the company to collect its accounts receivable.

From the provided data, we observe fluctuations in DSO over the years:

- DSO decreased from 82.64 days on March 31, 2020, to 80.47 days on September 30, 2020, indicating an improvement in the efficiency of collecting receivables.
- However, the DSO increased to 90.34 days by December 31, 2020, suggesting a potential delay in collecting payments.
- The DSO remained steady around the 80s, fluctuating slightly but generally staying within a similar range through 2021 and 2022.
- There was a noticeable increase in DSO on December 31, 2022, reaching 90.26 days, which might indicate challenges in receivables management.
- The DSO reduced to 79.09 days by September 30, 2023, indicating an improvement in collecting payments efficiently.
- Subsequently, the DSO increased to 92.01 days by December 31, 2024, which could imply a lengthening of the collection period.

Analyzing these trends, Waters Corporation experienced fluctuations in DSO, indicating variations in the efficiency of its accounts receivable management over the years. Additional context and comparison to industry benchmarks would be necessary to provide a more in-depth analysis of Waters Corporation's DSO performance.