BWX Technologies Inc (BWXT)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 28.32 | 36.02 | 29.63 | 13.65 | 32.75 | |
| DSO | days | 12.89 | 10.13 | 12.32 | 26.74 | 11.14 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 28.32
= 12.89
To analyze BWX Technologies Inc's days of sales outstanding (DSO) trend over the past five years, we can observe a fluctuation in the DSO metric.
In 2023, the DSO decreased to 20.72 days from 22.27 days in 2022. This indicates that the company was able to collect its accounts receivable more efficiently in 2023 compared to the previous year.
In 2022, there was a slight increase in DSO to 22.27 days from 23.85 days in 2021. This implies a potential delay in collecting receivables compared to the previous year.
In 2021, the DSO decreased to 23.85 days from 39.67 days in 2020. This significant improvement suggests that the company was able to collect its accounts receivable more promptly in 2021 compared to the prior year.
In 2020, there was a notable increase in DSO to 39.67 days from 22.50 days in 2019. This indicates a potential challenge in collecting receivables promptly in 2020 compared to the previous year.
In 2019, the DSO remained relatively stable at 22.50 days, indicating consistent efficiency in collecting accounts receivable compared to the following years.
Overall, the DSO trend for BWX Technologies Inc demonstrates variability in the collection efficiency of its accounts receivable over the past five years, with improvements in some years and challenges in others. This metric is crucial for evaluating the company's effectiveness in managing its receivables and in maintaining healthy liquidity levels.
Peer comparison
Dec 31, 2023