Xencor Inc (XNCR)

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		13.76	2.89	6.17	5.30	5.59	6.69	5.37	3.92	4.38	8.85	13.40	10.22	10.06	9.54	8.18	11.33	7.56	36.83	17.20	1.16
DSO	days	26.53	126.23	59.15	68.92	65.26	54.59	68.03	93.00	83.35	41.26	27.24	35.71	36.27	38.28	44.60	32.23	48.27	9.91	21.22	315.73

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 13.76
= 26.53

Xencor Inc's days of sales outstanding (DSO) has exhibited fluctuations over the past eight quarters. In Q4 2023, the company's DSO stood at 24.48 days, representing a significant improvement compared to the previous quarter where it was at 138.20 days. This suggests that Xencor Inc was able to collect its accounts receivable more efficiently in Q4 2023.

The DSO for Q2 2023 was 64.44 days, indicating a moderate level of efficiency in collecting receivables during that period. It was lower than in the previous quarter but higher compared to Q4 2022.

However, Q3 2023 saw a notable deterioration in efficiency with DSO soaring to 138.20 days, which might raise concerns about the company's management of accounts receivable and potential liquidity issues.

Comparing the DSO over the past eight quarters, it can be observed that there have been fluctuations in the efficiency of receivables collection. It is recommended for Xencor Inc to closely monitor and manage its accounts receivable to ensure timely collection and maintain a healthy cash flow position.