Chuy's Holdings Inc (CHUY)

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		239.64	198.26	192.63	238.85	210.69	253.05	147.00	145.90	218.92	126.69	286.20	205.07	188.02	292.75	173.03	162.87	254.39	270.49	234.67	137.60
DSO	days	1.52	1.84	1.89	1.53	1.73	1.44	2.48	2.50	1.67	2.88	1.28	1.78	1.94	1.25	2.11	2.24	1.43	1.35	1.56	2.65

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 some fluctuation over the past eight quarters. The DSO measures how quickly a company collects its accounts receivable, indicating its efficiency in managing credit sales and collecting payments.

In Q2 and Q3 of 2022, there was a notable increase in DSO to 2.48 days and 2.50 days respectively, which may suggest a delayed collection of accounts receivable during that period. However, this was followed by a decrease in Q4 2022 to 1.73 days.

Subsequently, in Q1 2023, there was a slight increase to 1.53 days, but this was relatively low compared to the previous quarters. Q2 and Q3 2023 saw a further increase in DSO to 1.89 days and 1.84 days respectively. Finally, in Q4 2023, the DSO improved to 1.52 days, indicating a potential enhancement in the company's collections efficiency.

Overall, while there have been fluctuations in DSO over the quarters analyzed, Chuy`s Holdings Inc has generally maintained a low DSO, suggesting effective management of accounts receivable and timely collection of sales proceeds.