Brinks Company (BCO)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		5.77	4.88	5.64	5.11	5.41
DSO	days	63.29	74.81	64.72	71.40	67.46

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.77
= 63.29

The days of sales outstanding (DSO) for Brink`s Co. have shown fluctuations over the past five years. In 2023, the DSO improved to 59.63 days from 71.50 days in 2022, indicating that the company was able to collect its accounts receivables faster. This improvement suggests more efficient management of receivables or possibly a more aggressive collection policy.

Comparing to 2021 and 2020, where DSO was 62.59 days and 69.48 days respectively, the trend suggests a positive development in managing receivables. However, it's worth noting that the 2019 DSO was slightly lower at 65.53 days compared to 2023.

Overall, the decreasing trend in DSO from 2022 to 2023 is a positive sign for Brink`s Co., as it indicates a potential improvement in their ability to collect outstanding receivables in a timely manner. This could lead to better cash flow management and improved liquidity for the company.