Crocs Inc (CROX)
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 | 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 | 11.15 | 9.10 | 6.45 | 6.11 | |
| DSO | days | 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 | 32.74 | 40.13 | 56.60 | 59.69 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 12.25
= 29.80
To analyze Crocs Inc's Days Sales Outstanding (DSO), we calculated the average DSO for each quarter based on the provided data. The average DSO for the quarters in 2023 ranged from 30.51 days in Q4 to 43.80 days in Q1. This indicates that the company's collection period for accounts receivable decreased over the quarters in 2023, which suggests a faster collection of receivables during this period.
Comparing the DSO in Q4 2023 to the same quarter in the previous year (Q4 2022), we observe an improvement from 33.80 days to 30.51 days. This reduction in DSO signifies that Crocs Inc has been more efficient in collecting payments from customers in the most recent quarter compared to the same period in the prior year.
Furthermore, analyzing the trend of DSO over the past eight quarters, we notice a general declining trend from the highest average DSO of 60.54 days in Q1 2022 to the lowest average DSO of 30.51 days in Q4 2023. This consistent decrease in DSO over time indicates that Crocs Inc has been managing its receivables effectively and improving its cash conversion cycle, which could positively impact its liquidity and working capital management.
In conclusion, based on the analysis of Crocs Inc's DSO, the company has shown a trend of efficiently collecting payments from customers, reducing its DSO over the quarters. This demonstrates improved accounts receivable management and potential enhancements in the company's overall financial health and efficiency.
Peer comparison
Dec 31, 2023