The Andersons Inc (ANDE)
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 | 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 | 14.94 | 12.99 | 7.93 | 6.95 | |
| DSO | days | 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 | 24.44 | 28.11 | 46.05 | 52.54 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 19.34
= 18.87
To analyze Andersons Inc.'s Days Sales Outstanding (DSO) figures over the past 8 quarters, we observe fluctuations in the metric. The trend indicates that the company collected its accounts receivable in an average of 18.87 days in Q4 2023, slightly higher than the 18.38 days in the previous quarter, Q3 2023. This decline may suggest an improvement in the efficiency of the company's credit and collection processes.
Comparing the most recent data to the same quarter in the previous year, we see a noticeable decrease from 26.31 days in Q4 2022 to 18.87 days in Q4 2023. This may signal a positive change in the company's ability to convert its accounts receivable into cash more quickly.
By examining the trend over the past year, we note that DSO has been gradually decreasing, reaching its lowest level in Q4 2023 compared to the corresponding quarter in the previous year. This reduction may indicate a more effective management of accounts receivable and a potential enhancement in the company's liquidity position.
However, it is important to conduct a deeper analysis to understand the factors contributing to these fluctuations and to assess the sustainability of this trend in the future.
Peer comparison
Dec 31, 2023