American Woodmark Corporation (AMWD)
Days of sales outstanding (DSO)
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 15.38 | 13.47 | 14.50 | 14.73 | 13.98 | 16.59 | 16.02 | 17.17 | 17.34 | 17.72 | 13.45 | 12.05 | 11.83 | 11.47 | 11.67 | 13.74 | 11.87 | 11.30 | 10.95 | 13.08 | |
| DSO | days | 23.74 | 27.09 | 25.17 | 24.78 | 26.10 | 22.01 | 22.79 | 21.26 | 21.05 | 20.59 | 27.15 | 30.29 | 30.85 | 31.83 | 31.27 | 26.56 | 30.74 | 32.31 | 33.33 | 27.90 |
April 30, 2025 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 15.38
= 23.74
The analysis of American Woodmark Corporation’s Days of Sales Outstanding (DSO) over the specified periods reveals notable fluctuations and trends. Initially, as of July 31, 2020, the DSO stood at approximately 27.90 days, indicating the average number of days it took the company to collect receivables was around four weeks. Throughout the subsequent periods, the DSO generally increased, reaching a peak of approximately 33.33 days by October 31, 2020, which suggests a lengthening of the receivables collection cycle during that timeframe.
Between late 2020 and early 2021, the DSO stabilized somewhat, fluctuating around 32 days to 33 days, with a slight dip to approximately 30.74 days as of April 30, 2021. This period’s data indicates a modest elongation in collection periods compared to the earlier measure, potentially reflecting changes in customer payment behaviors or credit policies.
From mid-2021 through mid-2022, the DSO exhibited variability but generally hovered around the 30-day mark, with figures such as 26.56 days at July 31, 2021, and 31.83 days as of January 31, 2022. Notably, the DSO decreased significantly to approximately 20.59 days by January 31, 2023, reflecting a substantial improvement in receivables collection efficiency.
Following this period, the DSO returned to around 21 to 22 days, maintaining a relatively stable and efficient collection cycle through April 2023 and up to October 2024, where the DSO was approximately 25.17 days. The DSO then exhibited a slight increase again, moving to approximately 27.09 days as of January 31, 2025. Overall, the trend demonstrates periods of both elongation and contraction, with recent figures indicating a modest recovery in collection times but remaining within a generally favorable range for the company.
In summary, the DSO for American Woodmark Corporation has experienced periods of both increase and decrease, reflecting varying efficiencies in receivables management. The overall trend suggests improvements in collection times since the peak levels observed in late 2020, with current ratios indicative of effective credit and collection practices relative to earlier years.