Columbia Sportswear Company (COLM)

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 8.29 5.27 10.43 7.60 6.37 5.74 11.11 8.04 6.44 5.84 10.05 7.55 5.52 5.30 12.63 9.45 6.23 4.65 10.31 8.35
DSO days 44.01 69.29 34.99 48.05 57.33 63.61 32.86 45.40 56.68 62.52 36.30 48.32 66.09 68.87 28.91 38.64 58.57 78.51 35.39 43.70

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.29
= 44.01

To analyze Columbia Sportswear Co.'s Days of Sales Outstanding (DSO) based on the provided data, we observe fluctuations in DSO over the past eight quarters. DSO measures the average number of days it takes for a company to collect payment after a sale has been made.

In Q4 2023, the DSO was 44.28 days, showing an improvement from the previous quarter's 69.70 days. This could suggest enhanced efficiency in collecting receivables during this period. In Q3 2023, the DSO was comparatively higher at 69.70 days, reflecting a slowdown in collection efforts compared to the previous quarter.

Q2 2023 saw a notable decrease in DSO to 35.19 days, indicating efficient collection practices and quickly converting sales into cash. Q1 2023 showed a slight increase in DSO to 48.35 days, which might suggest a lag in receivables turnover.

Comparing the recent quarters' DSO to the same quarters in the previous year, Q4 2023 showed improvement compared to Q4 2022 when the DSO was 57.69 days. However, it is essential to note that Q3 2023 had a higher DSO compared to Q3 2022, which was 64.00 days.

Looking at Q2 2022 and Q1 2022, there were fluctuations in DSO as well, with Q2 2022 having a low DSO of 33.07 days, indicating efficient collections, while Q1 2022 had a higher DSO of 45.67 days.

Overall, fluctuations in DSO for Columbia Sportswear Co. over the past eight quarters suggest varying trends in the company's accounts receivable management and cash conversion cycle. Monitoring DSO trends can provide insights into the company's liquidity, efficiency in managing receivables, and potential credit risks.