American Axle & Manufacturing (AXL)

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		7.43	6.77	6.50	6.57	7.08	5.85	5.75	5.58	6.76	7.24	6.99	5.64	5.95	5.22	9.03	7.81	8.15	6.89	6.09	5.93
DSO	days	49.11	53.91	56.20	55.59	51.59	62.42	63.51	65.43	53.97	50.40	52.21	64.74	61.31	69.91	40.44	46.71	44.79	52.94	59.90	61.53

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.43
= 49.11

American Axle & Manufacturing Holdings Inc's days of sales outstanding (DSO) has shown a slight improvement over the last two quarters, declining from 53.77 days in Q3 2023 to 49.14 days in Q4 2023. This trend is positive as it indicates that the company is able to collect its accounts receivable more efficiently.

Comparing the current DSO of 49.14 days to the same period in the previous year, where it was 51.59 days in Q4 2022, we see a favorable decrease indicating better working capital management.

However, it is important to note that the DSO is subject to seasonal variations and industry-specific factors. It is essential for the company to continue monitoring and improving its accounts receivable collection process to maintain a healthy cash flow position.