The Andersons Inc (ANDE)
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 | 14.72 | 15.00 | 16.63 | 19.36 | 19.34 | 19.85 | 16.30 | 15.17 | 13.74 | 16.39 | 13.13 | 13.09 | 14.92 | 15.14 | 13.94 | 12.43 | 12.12 | 13.86 | 13.85 | 14.66 | |
| DSO | days | 24.79 | 24.34 | 21.95 | 18.85 | 18.87 | 18.38 | 22.39 | 24.05 | 26.57 | 22.27 | 27.81 | 27.87 | 24.46 | 24.11 | 26.18 | 29.37 | 30.12 | 26.33 | 26.35 | 24.89 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 14.72
= 24.79
The days of sales outstanding (DSO) for The Andersons Inc have fluctuated over the periods studied. The DSO represents the average number of days it takes for the company to collect payment after making a sale.
From March 31, 2020, to June 30, 2021, the DSO fluctuated within a relatively narrow range of around 24 to 30 days. However, from September 30, 2021, to March 31, 2024, there was a downward trend in the DSO, indicating that the company improved its collection efficiency during this period.
The lowest DSO was recorded on September 30, 2023, at 18.38 days, indicating that the company was collecting payments more quickly during that period. However, the DSO increased slightly by December 31, 2024, to 24.79 days, potentially suggesting a slower collection of payments.
Overall, a decreasing trend in DSO is generally positive as it indicates that the company is managing its accounts receivable effectively and collecting payments more promptly. Conversely, an increasing DSO may raise concerns about liquidity and potential difficulties in collecting outstanding amounts.
Peer comparison
Dec 31, 2024