Api Group Corp (APG)
Days of sales outstanding (DSO)
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 3.88 | 3.70 | 3.65 | 3.77 | 4.03 | 3.78 | 3.80 | 3.73 | 3.92 | 3.70 | 3.39 | 3.08 | 2.82 | 4.00 | 3.92 | 4.27 | 4.73 | 4.59 | 4.07 | 4.32 | |
| DSO | days | 94.17 | 98.66 | 100.12 | 96.80 | 90.47 | 96.47 | 96.14 | 97.74 | 93.20 | 98.62 | 107.66 | 118.37 | 129.59 | 91.16 | 93.17 | 85.48 | 77.20 | 79.47 | 89.62 | 84.57 |
March 31, 2025 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.88
= 94.17
The analysis of Api Group Corp's days of sales outstanding (DSO) over the reported periods reveals notable fluctuations and underlying trends within the company's receivables management. Initially, the DSO fluctuated around the mid-80s days from June 30, 2020, through March 31, 2021, with a slight decrease observed in December 2020, reaching approximately 79.47 days. Subsequently, the DSO experienced increases, peaking at 93.17 days on September 30, 2021, and further rising to 91.16 days by December 31, 2021.
The most significant change occurred between December 2021 and March 2022, where the DSO surged sharply to 129.59 days, indicating a prolonged collection period or potential changes in credit policies, customer payment behaviors, or economic conditions impacting receivable collections. Following this peak, there was a downward correction in the subsequent periods, with DSO decreasing to 118.37 days by June 30, 2022, and further declining to 107.66 days by September 2022, eventually stabilizing around 98.62 days at the end of 2022.
Throughout 2023 and into early 2024, the DSO showed relative stability, fluctuating narrowly around the low to mid-90s days. Notably, a slight increase was observed during the September 2023 period, reaching 96.14 days, with a minor decrease to 90.47 days at the end of March 2024. In the subsequent periods, the DSO demonstrated minor fluctuations, with values hovering near the high 90s days, reaching up to 100.12 days in September 2024, and then slightly decreasing to approximately 94.17 days by March 2025.
Overall, Api Group Corp's DSO exhibits variability that suggests periods of extended receivables collection times, particularly evident in early 2022, followed by some degree of stabilization in subsequent periods. The fluctuations may reflect changes in credit policies, customer mix, or external economic conditions influencing payment behaviors. Maintaining a DSO close to 90 days aligns with industry standards; however, the periods exceeding this benchmark indicate potential areas for enhanced receivables management to optimize cash flow and reduce collection periods.
Peer comparison
Mar 31, 2025