Barnes Group Inc (B)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 3.92 | 4.27 | 4.74 | 4.40 | 4.19 | |
| DSO | days | 93.03 | 85.40 | 77.00 | 82.91 | 87.02 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.92
= 93.03
The days of sales outstanding (DSO) measure for Barnes Group Inc. has exhibited fluctuations over the past five years, ranging from a low of 76.04 days in 2021 to a high of 89.04 days in 2023. Generally, a decreasing trend in DSO is favorable as it indicates that the company is collecting its accounts receivable more efficiently. However, the increase in DSO in 2023 compared to the previous year may suggest a potential delay in collecting receivables, which could impact the company's cash flow and liquidity position. It is important for Barnes Group Inc. to closely monitor and manage its DSO to ensure timely collection of outstanding receivables and maintain a healthy working capital position.
Peer comparison
Dec 31, 2023