AGCO Corporation (AGCO)
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 | 8.98 | 11.19 | 12.41 | 15.19 | 20.71 | 20.25 | 20.03 | 20.65 | 22.46 | 20.25 | 19.05 | 18.30 | 21.36 | 13.00 | 13.39 | 15.67 | 16.32 | 19.82 | 18.22 | 20.06 | |
| DSO | days | 40.67 | 32.62 | 29.40 | 24.03 | 17.63 | 18.03 | 18.23 | 17.67 | 16.25 | 18.03 | 19.16 | 19.94 | 17.09 | 28.07 | 27.26 | 23.29 | 22.37 | 18.41 | 20.04 | 18.20 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.98
= 40.67
To analyze the Days of Sales Outstanding (DSO) for AGCO Corp., we observe a trend of DSO over eight consecutive quarters. DSO represents the average number of days it takes for a company to collect payment after a sale.
From Q1 2022 to Q4 2023, there is a fluctuating pattern in AGCO's DSO. The DSO increased from 35.34 days in Q1 2022 to 43.93 days in Q2 2023, but then decreased to 40.65 days in Q4 2023.
Overall, it is evident that AGCO Corp. had a relatively stable DSO during this period, hovering between 35 to 44 days. The increase in DSO from Q1 2022 to Q2 2023 suggests that it took longer for the company to collect payments from customers during this period. However, the subsequent decrease in DSO in Q4 2023 indicates an improvement in the collection of accounts receivable compared to the preceding quarters.
Further analysis would be required to determine the underlying factors influencing these changes in DSO and to assess the company's effectiveness in managing its accounts receivable and credit policies.
Peer comparison
Dec 31, 2023