Axalta Coating Systems Ltd (AXTA)
Days of sales outstanding (DSO)
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 4.23 | 4.05 | 4.14 | 4.18 | 4.11 | 3.94 | 3.98 | 4.27 | 4.58 | 4.32 | 4.21 | 4.40 | 4.71 | 4.15 | 4.14 | 4.23 | 4.30 | 4.56 | 5.79 | 5.59 | |
| DSO | days | 86.34 | 90.03 | 88.13 | 87.27 | 88.71 | 92.69 | 91.81 | 85.48 | 79.76 | 84.44 | 86.67 | 83.04 | 77.48 | 88.04 | 88.08 | 86.27 | 84.94 | 79.98 | 63.09 | 65.30 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.23
= 86.34
Axalta Coating Systems Ltd has experienced fluctuations in its Days Sales Outstanding (DSO) over the past few years. The DSO measures the average number of days it takes for a company to collect its accounts receivable.
From March 31, 2020, to December 31, 2024, the DSO ranged from a low of 63.09 days to a high of 92.69 days. The highest DSO of 92.69 days was recorded on September 30, 2023. This indicates that, on average, it took Axalta Coating Systems Ltd 92.69 days to collect its accounts receivable during that period.
Overall, there seems to be some variability in Axalta Coating Systems Ltd's DSO over the years, with some quarters showing improvements in collection times while others experienced extended collection periods. It is essential for the company to effectively manage its accounts receivable and collection processes to maintain a healthy cash flow position.
Peer comparison
Dec 31, 2024