Astec Industries Inc (ASTE)
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 | 8.73 | 7.71 | 8.63 | 7.73 | 7.33 | 7.41 | 7.13 | 7.99 | 7.73 | 7.33 | 6.96 | 7.22 | 8.84 | 8.41 | 9.52 | 8.29 | 9.71 | 10.87 | 8.84 | 8.77 | |
| DSO | days | 41.83 | 47.37 | 42.27 | 47.25 | 49.82 | 49.28 | 51.19 | 45.68 | 47.22 | 49.82 | 52.43 | 50.54 | 41.28 | 43.41 | 38.36 | 44.05 | 37.59 | 33.59 | 41.27 | 41.61 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.73
= 41.83
Based on the data provided for Astec Industries Inc., the days of sales outstanding (DSO) have shown fluctuations over the past eight quarters. DSO indicates the average number of days it takes for a company to collect revenue after making a sale.
In Q4 2023, the DSO was reported at 41.65 days, which represents a decrease from the previous quarter. This decline may suggest that the company has been able to collect revenue more efficiently in the most recent period.
Comparing Q4 2023 to the same quarter a year ago (Q4 2022), there has been a noticeable improvement in DSO, indicating that Astec Industries Inc. has been more effective in collecting revenue from its sales over the year.
Overall, while there have been some fluctuations in DSO over the past eight quarters, the trend seems to be towards a reduction in the number of days it takes for Astec Industries Inc. to collect its sales revenue, which could reflect improved efficiency in the company's accounts receivable management.
Peer comparison
Dec 31, 2023