Adient PLC (ADNT)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| DSO | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
To analyze Adient plc's Days Sales Outstanding (DSO) over the past eight quarters, we can observe a fluctuating trend. In Q1 2024, the DSO decreased to 39.48 days from 44.43 days in Q4 2023, indicating an improvement in the company's ability to collect receivables efficiently. This downward trend follows a general pattern of decreasing DSO from Q3 2023 to Q4 2023.
Looking further back, the DSO was at its highest point in Q3 2023 at 49.43 days, followed by a slight increase in Q2 2023 and then a decrease in Q1 2023. This variability suggests potential challenges in managing accounts receivable during that period.
Comparing the most recent DSO to the same quarter in the previous year, Q1 2024's DSO of 39.48 days is lower than Q1 2023's DSO of 44.67 days, indicating a positive trend in the company's collection efficiency over the year.
Overall, it is essential for Adient plc to continue monitoring and managing its Days Sales Outstanding to ensure timely collection of receivables and maintain healthy cash flow levels.
Peer comparison
Dec 31, 2023