Choice Hotels International Inc (CHH)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 6.69 | 5.12 | 4.86 | 6.52 | 7.87 | |
| DSO | days | 54.59 | 71.29 | 75.13 | 55.99 | 46.35 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.69
= 54.59
Choice Hotels International Inc's Days Sales Outstanding (DSO) has fluctuated over the past five years. The DSO was 54.59 days at the end of 2023, reflecting a more efficient collection of receivables compared to the previous two years. In 2022, the DSO was 71.29 days, indicating the company took longer to collect its receivables. The DSO increased further to 75.13 days in 2021, showing a deterioration in collection efficiency compared to 2020 when it was 55.99 days. The most efficient collection period was observed in 2019 with a DSO of 46.35 days. This analysis suggests that Choice Hotels International Inc may have experienced challenges in collecting its receivables in 2021 and 2022 but showed improvement in the most recent year.
Peer comparison
Dec 31, 2023