Barnes Group Inc (B)
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 | 3.92 | 3.76 | 4.11 | 4.26 | 4.27 | 4.79 | 4.45 | 4.60 | 4.74 | 4.69 | 4.47 | 4.27 | 4.40 | 4.77 | 5.00 | 4.23 | 5.27 | 5.04 | 6.01 | 6.92 | |
| DSO | days | 93.04 | 97.07 | 88.73 | 85.69 | 85.39 | 76.25 | 81.94 | 79.28 | 77.03 | 77.91 | 81.65 | 85.50 | 82.92 | 76.59 | 73.04 | 86.29 | 69.21 | 72.39 | 60.72 | 52.75 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.92
= 93.04
The days of sales outstanding (DSO) for Barnes Group Inc. have shown some fluctuations over the past eight quarters. In Q4 2023, the DSO stood at 89.04 days, a slight decrease from the previous quarter but higher compared to the same period last year. This suggests that the company took approximately 89 days to collect its accounts receivable for the fourth quarter of 2023.
Overall, there has been a general upward trend in DSO over the past year, indicating potential challenges in the collection of receivables. The increase in DSO could be a result of slower collection efforts, changes in customer payment behavior, or an increase in credit sales.
It is important for Barnes Group Inc. to monitor and manage its DSO effectively to ensure timely collection of receivables and maintain healthy cash flow. By analyzing the underlying reasons for the fluctuations in DSO and implementing appropriate measures, the company can improve its working capital management and overall financial performance.
Peer comparison
Dec 31, 2023