ArcBest Corp (ARCB)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 9.17 | 9.01 | 6.71 | 8.78 | 9.93 | |
| DSO | days | 39.80 | 40.52 | 54.39 | 41.58 | 36.74 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.17
= 39.80
The days of sales outstanding (DSO) for ArcBest Corp has fluctuated over the past five years. In 2023, the DSO decreased to 39.76 days from 40.61 days in 2022. This indicates that the company collected its accounts receivable more efficiently in 2023 compared to the previous year. However, when compared to 2021, the DSO improved significantly from 54.61 days to 39.76 days in 2023, suggesting a positive trend in managing receivables.
It is worth noting that in 2020 and 2019, the DSO was 41.61 days and 36.81 days, respectively. The DSO increased in 2020 compared to 2019 but decreased again in 2021 and continued to improve in 2023.
Overall, the trend in DSO for ArcBest Corp indicates that the company has been improving its accounts receivable collection efficiency over the years, which can positively impact its cash flow and working capital management.
Peer comparison
Dec 31, 2023