Avis Budget Group Inc (CAR)
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 | 13.34 | 13.09 | 13.38 | 15.13 | 14.81 | 13.57 | 12.91 | 13.32 | 12.02 | 9.96 | 8.32 | 6.39 | 8.35 | 10.33 | 13.83 | 12.65 | 10.07 | 10.39 | 9.88 | 9.92 | |
| DSO | days | 27.36 | 27.89 | 27.29 | 24.12 | 24.65 | 26.90 | 28.27 | 27.41 | 30.37 | 36.64 | 43.86 | 57.14 | 43.72 | 35.33 | 26.39 | 28.86 | 36.25 | 35.13 | 36.96 | 36.80 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 13.34
= 27.36
To analyze Avis Budget Group Inc's Days of Sales Outstanding (DSO) trend, we can observe the following:
1. Avis Budget Group Inc's DSO has shown a consistent pattern over the past eight quarters, fluctuating within a relatively narrow range of 24 to 28 days.
2. The DSO peaked at 28.27 days in Q3 2022 and hit its lowest point of 24.12 days in Q1 2023. This suggests some volatility in the collection period over recent quarters.
3. The DSO in the most recent quarter, Q4 2023, stands at 27.36 days, showing a slight increase compared to the previous quarter but remaining within the historical range.
4. Overall, Avis Budget Group Inc's DSO indicates that the company typically collects its accounts receivable within approximately one month, reflecting efficient management of receivables and cash flow.
5. Investors and analysts may monitor any significant deviations from this trend in future quarters to assess changes in the company's credit policies, customer payment behavior, or overall liquidity position.
Peer comparison
Dec 31, 2023