Brinks Company (BCO)

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		5.78	5.71	5.29	5.06	4.90	5.45	5.14	5.39	5.64	5.54	5.49	5.39	5.16	5.00	5.04	5.58	5.46	5.49	5.18	6.72
DSO	days	63.12	63.92	68.97	72.08	74.48	66.96	70.99	67.67	64.66	65.83	66.51	67.72	70.77	73.04	72.48	65.43	66.85	66.54	70.49	54.35

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.78
= 63.12

The Days Sales Outstanding (DSO) for Brink's Co. has exhibited fluctuations over the past eight quarters. In Q4 2023, the DSO was 59.63 days, indicating that on average, it took the company approximately 59.63 days to collect its accounts receivable. This represents a slight improvement compared to the previous quarter's DSO of 60.68 days.

Looking further back, the DSO had increased steadily from Q1 2022 to Q1 2023, reaching a peak of 68.88 days in Q1 2023. However, there was a subsequent decrease in Q2 and Q3 2023 before the recent improvement in Q4 2023.

Overall, the trend in DSO indicates that Brink's Co. has been relatively effective in managing its accounts receivable collection process, as the DSO has generally remained within a reasonable range. However, the company should continue to monitor and strive to reduce DSO to ensure efficient cash flow management and timely collection of receivables.