Cintas Corporation (CTAS)

Days of sales outstanding (DSO)

		May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021
Receivables turnover		7.30	7.71	7.65	7.64	7.70
DSO	days	50.03	47.32	47.74	47.77	47.39

May 31, 2025 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.30
= 50.03

The provided data on Cintas Corporation's days of sales outstanding (DSO) from May 31, 2021, to May 31, 2024, indicates a relatively stable collection period over this three-year span. Specifically, the DSO values are as follows:

- May 31, 2021: 47.39 days
- May 31, 2022: 47.77 days
- May 31, 2023: 47.74 days
- May 31, 2024: 47.32 days

These figures suggest that Cintas' receivables collection period has remained essentially consistent, fluctuating within a narrow range of approximately 0.5 days over the three-year period. The slight increase from 47.39 days in 2021 to 47.77 days in 2022, followed by a minimal decrease to 47.74 days in 2023, and further to 47.32 days in 2024, implies stability in the company’s credit and collection policies, or possibly consistent customer payment behaviors.

The consistency of the DSO reflects a stable working capital management environment, indicating that Cintas is maintaining a predictable receivables turnover rate. This stability can be perceived positively, as it reduces uncertainty in cash flow forecasting and indicates effective credit risk management.

The absence of a data point for May 31, 2025, precludes analysis beyond 2024; however, based on the observed trend, no significant deterioration or improvement in receivables collection efficiency is evident over the preceding period. Overall, the DSO figures suggest that Cintas maintains a steady approach toward receivables management, with only minor fluctuations that are typical in operational cycles.