Boot Barn Holdings Inc (BOOT)
Days of sales outstanding (DSO)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 82.33 | 126.02 | 125.33 | 69.96 | 48.97 | |
| DSO | days | 4.43 | 2.90 | 2.91 | 5.22 | 7.45 |
March 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 82.33
= 4.43
To analyze Boot Barn Holdings Inc's days of sales outstanding (DSO) over the past five years, we observe a fluctuating trend.
In the fiscal year ending Mar 31, 2020, the DSO stood at 7.45 days, indicating that on average, it took the company around 7.45 days to collect its accounts receivable. The following year, there was a significant improvement as the DSO decreased to 5.22 days, suggesting a more efficient collection process.
The trend of improved efficiency continued in the fiscal year ending Mar 31, 2022, with a DSO of 2.91 days, showcasing a further reduction in the time taken to collect receivables. However, in the subsequent fiscal year, the DSO slightly increased to 2.90 days, indicating a slight slowdown in the collection process.
Most recently, in the fiscal year ending Mar 31, 2024, there was a notable increase in the DSO to 4.43 days, signifying a lengthening of the collection period compared to the prior year.
Overall, the fluctuating trend in DSO for Boot Barn Holdings Inc suggests varying efficiencies in accounts receivable management over the past five years, which may warrant further investigation into the company's credit policies and collection procedures.
Peer comparison
Mar 31, 2024