Buckle Inc (BKE)

Days of sales outstanding (DSO)

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Receivables turnover		145.00	123.83	135.34	207.51	106.36	82.39	100.76	295.55	107.11	218.96	174.60	649.69	319.26	484.09	345.26	459.05	287.07	94.75	78.94	152.58
DSO	days	2.52	2.95	2.70	1.76	3.43	4.43	3.62	1.23	3.41	1.67	2.09	0.56	1.14	0.75	1.06	0.80	1.27	3.85	4.62	2.39

February 3, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 145.00
= 2.52

Days Sales Outstanding (DSO) is a financial ratio that indicates the average number of days it takes for a company to collect payment after making a sale. Lower DSO values are generally favorable as they indicate a faster collection of accounts receivable, reflecting better liquidity and efficiency in managing working capital.

Looking at the trend of Buckle Inc's DSO over the past several quarters, we can observe fluctuations in the values. The DSO has ranged from a low of 0.56 days to a high of 4.62 days during the period under consideration.

Specifically, in the latest reported quarter, Buckle Inc had a DSO of 2.52 days, showing a relatively quick turnover of accounts receivable. However, this was higher than the previous quarter's DSO of 2.95 days, indicating a slight delay in collecting payments from customers.

Overall, the company has maintained DSO values below 5 days in most of the quarters, pointing towards efficient credit control and effective account receivable management practices. Considering the industry benchmarks and specific business circumstances, Buckle Inc's DSO performance appears to be reasonable, but there may be room for further improvement in optimizing receivables turnover.