Crocs Inc (CROX)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 15.53 | 10.98 | 9.33 | 7.98 | 12.25 | 9.57 | 9.03 | 8.58 | 11.03 | 7.78 | 6.53 | 6.21 | 11.22 | 9.22 | 7.95 | 6.70 | 9.08 | 8.31 | 7.18 | 6.87 | |
| DSO | days | 23.51 | 33.25 | 39.12 | 45.77 | 29.80 | 38.13 | 40.41 | 42.52 | 33.08 | 46.92 | 55.86 | 58.80 | 32.52 | 39.60 | 45.92 | 54.49 | 40.20 | 43.93 | 50.81 | 53.14 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 15.53
= 23.51
The Days Sales Outstanding (DSO) is a measure of how long it takes a company to collect revenue after a sale has been made. For Crocs Inc, the DSO fluctuated over the period from March 31, 2020, to December 31, 2024.
The DSO decreased from 53.14 days as of March 31, 2020, to 23.51 days as of December 31, 2024. This downward trend indicates that Crocs Inc has been more efficient in converting its sales into cash over the years.
The DSO reached its peak at 58.80 days on March 31, 2022, but significantly dropped to 29.80 days by December 31, 2023. This improvement signifies that the company has been more effective in managing its accounts receivable and collecting payments from customers in a timelier manner.
Overall, the trend in Crocs Inc's DSO suggests that the company has been successful in enhancing its collections process, potentially by implementing better credit policies, enhancing customer relationships, or simply streamlining its invoicing and payment procedures. A decreasing DSO indicates improved liquidity and working capital management, which can contribute to overall financial health and operational efficiency.
Peer comparison
Dec 31, 2024