Chuy's Holdings Inc (CHUY)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 239.64 | 210.69 | 218.92 | 188.02 | 254.39 | |
| DSO | days | 1.52 | 1.73 | 1.67 | 1.94 | 1.43 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 239.64
= 1.52
The days of sales outstanding (DSO) for Chuy`s Holdings Inc have shown variability over the past five years. In 2023, the DSO decreased to 1.52 days from 1.73 days in 2022, indicating that the company collected its accounts receivable more efficiently during the most recent fiscal year. Comparing this to the DSO of 2.66 days in 2021 and 2.82 days in 2020, it is evident that the company has improved its collection process. In 2019, the DSO was significantly lower at 1.22 days, suggesting an exceptionally efficient collection period that year.
Overall, the decreasing trend in DSO from 2021 to 2023 reflects an improvement in Chuy`s Holdings Inc's ability to collect payments from its customers promptly. This trend indicates that the company has been managing its accounts receivable effectively, potentially enhancing its liquidity position and overall financial performance.
Peer comparison
Dec 31, 2023