Carlisle Companies Incorporated (CSL)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 7.45 | 6.57 | 5.91 | 6.48 | 5.73 | |
| DSO | days | 48.96 | 55.53 | 61.81 | 56.33 | 63.73 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.45
= 48.96
The days of sales outstanding (DSO) for Carlisle Companies Inc. has shown some fluctuation over the past five years. In 2023, the DSO stands at 48.96 days, a slight increase from the prior year's 45.91 days. This suggests that on average, it takes Carlisle Companies Inc. approximately 48.96 days to collect its accounts receivable.
Comparing this to previous years, we observe a downward trend from 2021 to 2022 where DSO decreased significantly from 61.81 days to 45.91 days. However, in earlier years such as 2020 and 2019, the DSO was higher at 52.68 days and 59.40 days, respectively.
A lower DSO indicates that the company is collecting its accounts receivable more efficiently, which can be seen between 2021 and 2022. Conversely, a higher DSO may suggest potential issues with collecting receivables promptly, as was the case in 2020 and 2019.
Overall, while there has been some year-to-year variability, Carlisle Companies Inc. appears to have made improvements in managing its accounts receivable efficiently in recent years based on the decreasing trend in DSO. Monitoring DSO trends can provide insights into the company's cash flow management and overall financial health.
Peer comparison
Dec 31, 2023