Cracker Barrel Old Country Store (CBRL)

Days of sales outstanding (DSO)

		Aug 2, 2024	Jul 28, 2023	Jul 29, 2022	Jul 30, 2021	Jul 31, 2020
Receivables turnover		70.49	105.70	94.02	58.10	51.34
DSO	days	5.18	3.45	3.88	6.28	7.11

August 2, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 70.49
= 5.18

The days of sales outstanding (DSO) ratio for Cracker Barrel Old Country Store has shown some fluctuation over the past five years. In the most recent fiscal year ending on August 2, 2024, the DSO was 5.18 days, which indicates that, on average, it takes the company approximately 5.18 days to collect its accounts receivable.

Compared to the previous year, there has been an increase in the DSO from 3.45 days to 5.18 days. This suggests that Cracker Barrel may have experienced some challenges in collecting payments from its customers in a timely manner.

When looking at the trend over the five-year period, it is notable that the DSO has generally decreased from 7.11 days in 2020 to the lowest point of 3.45 days in 2023 before increasing again in 2024. A lower DSO typically indicates that a company is collecting its receivables more quickly, which can be a positive sign of efficient credit management and strong customer relationships.

Overall, the analysis of Cracker Barrel Old Country Store's DSO ratio suggests that while there has been some fluctuation in the efficiency of accounts receivable collection, the company has managed to maintain relatively low DSO levels, which is generally favorable for its financial health.