Ashland Global Holdings Inc (ASH)
Days of sales outstanding (DSO)
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 8.70 | 9.42 | 8.12 | 11.03 | 6.48 | 6.68 | 6.09 | 6.85 | 5.95 | 4.82 | 5.53 | 6.34 | 5.72 | 4.74 | 4.14 | 4.77 | 4.28 | 4.35 | 4.11 | 4.77 | |
| DSO | days | 41.96 | 38.77 | 44.95 | 33.10 | 56.31 | 54.61 | 59.97 | 53.27 | 61.34 | 75.76 | 66.02 | 57.59 | 63.80 | 77.05 | 88.19 | 76.52 | 85.28 | 83.83 | 88.75 | 76.47 |
September 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.70
= 41.96
The Days of Sales Outstanding (DSO) ratio is a measure of how long it takes a company to collect its accounts receivable. A lower DSO indicates that a company is collecting its receivables more quickly, while a higher DSO suggests slower collections.
Analyzing the DSO trend for Ashland Global Holdings Inc over the past few quarters, we observe fluctuations in the collection efficiency:
- As of September 30, 2024, the DSO stands at 41.96 days, showing an improvement from the previous quarter's 38.77 days. This indicates that Ashland Global Holdings Inc is collecting its accounts receivable more rapidly.
- Looking further back, the DSO was fluctuating between 33.10 days and 61.34 days over the past quarters, indicating some variability in the company's collection efficiency.
- The highest DSO in recent quarters was 88.19 days as of March 31, 2021, suggesting a slower collection of receivables during that period.
Overall, the trend in DSO for Ashland Global Holdings Inc indicates some variability in its accounts receivable collection efficiency, with fluctuations observed over the quarters. Monitoring this ratio can provide insights into the company's credit and collection policies, as well as its liquidity position.
Peer comparison
Sep 30, 2024