Charles River Laboratories (CRL)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.23 | 5.45 | 5.32 | 4.76 | 5.02 | |
| DSO | days | 69.76 | 67.01 | 68.66 | 76.70 | 72.66 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.23
= 69.76
The Days Sales Outstanding (DSO) for Charles River Laboratories has shown some fluctuations over the last five years. In 2023, the DSO stood at 69.76 days, slightly higher compared to the previous year's DSO of 67.01 days. While there was an improvement from 2021 when the DSO was 68.66 days, the current DSO remains lower than the DSO in 2020 and 2019, which were 76.70 days and 72.66 days, respectively.
Overall, the trend in DSO indicates that Charles River Laboratories has been successful in managing its accounts receivable turnover, with a slight increase in 2023. However, it is essential for the company to monitor this metric closely to ensure efficient collections and optimal management of cash flow.
Peer comparison
Dec 31, 2023