Boot Barn Holdings Inc (BOOT)
Days of sales outstanding (DSO)
| Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 82.35 | 164.09 | 182.11 | 141.87 | 126.03 | 108.96 | 143.35 | 167.38 | 125.34 | 172.83 | 89.40 | 105.21 | 69.96 | 59.33 | 60.61 | 75.45 | 48.99 | 75.60 | 110.95 | 122.20 | |
| DSO | days | 4.43 | 2.22 | 2.00 | 2.57 | 2.90 | 3.35 | 2.55 | 2.18 | 2.91 | 2.11 | 4.08 | 3.47 | 5.22 | 6.15 | 6.02 | 4.84 | 7.45 | 4.83 | 3.29 | 2.99 |
March 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 82.35
= 4.43
Days of Sales Outstanding (DSO) is a financial ratio that measures the average number of days it takes for a company to collect payment after making a sale. A lower DSO indicates that the company is able to collect payments from customers more quickly, which is generally viewed positively.
Based on the data provided for Boot Barn Holdings Inc, we can observe fluctuations in the DSO metric over the past few quarters. The DSO has ranged from a low of 2.00 days to a high of 7.45 days during the time period under consideration.
In recent quarters, there seems to be a trend of decreasing DSO, indicating an improvement in the company's ability to collect payments from customers in a timely manner. For example, the DSO decreased from 4.43 days on Mar 31, 2024, to 2.22 days on Dec 31, 2023, and further decreased to 2.00 days on Sep 30, 2023.
It is important for companies to manage their DSO effectively as a high DSO can tie up cash flow and indicate potential issues with accounts receivable management. However, a very low DSO can also raise concerns about overly aggressive credit policies or potential liquidity issues.
Overall, the decreasing trend in DSO for Boot Barn Holdings Inc is a positive signal of efficient accounts receivable management, but it is important for the company to strike a balance to ensure optimal cash flow and financial health.
Peer comparison
Mar 31, 2024