Charles River Laboratories (CRL)

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		5.25	5.41	5.38	—	5.46	4.87	4.88	5.10	5.32	5.05	4.93	4.80	4.63	4.82	5.07	4.92	5.05	4.78	4.42	4.73
DSO	days	69.52	67.45	67.90	—	66.88	74.93	74.84	71.55	68.61	72.32	74.09	76.04	78.84	75.65	72.05	74.12	72.28	76.33	82.51	77.24

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.25
= 69.52

The Days of Sales Outstanding (DSO) for Charles River Laboratories has shown fluctuations over the past few quarters. DSO is a measure of how long it takes for a company to collect payment after a sale has been made.

From the data provided:
- In December 2023, the DSO was 69.52 days, which indicates that on average, the company takes about 69.52 days to collect its accounts receivable.
- There was a slight increase in DSO from September 2023 to June 2023, with values of 67.90 days and 67.45 days, respectively.
- There is missing data for March 2023, which makes it difficult to observe the trend for that specific quarter.
- Overall, comparing the most recent data available, the DSO has decreased when compared to earlier quarters in 2022.

It is essential for the company to keep a close eye on its DSO to ensure efficient management of accounts receivable. A decreasing trend in DSO is generally considered positive as it indicates faster collections, while an increasing trend may suggest potential issues with credit policies or customer payment behaviors that the company needs to address.