Cavco Industries Inc (CVCO)
Days of sales outstanding (DSO)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 23.27 | 22.48 | 19.23 | 20.64 | 20.14 | 23.07 | — | — | 13.90 | — | — | — | 12.35 | 12.23 | 13.43 | 12.56 | 24.37 | 13.68 | 12.53 | 13.43 | |
| DSO | days | 15.68 | 16.24 | 18.98 | 17.68 | 18.12 | 15.82 | — | — | 26.26 | — | — | — | 29.56 | 29.83 | 27.18 | 29.06 | 14.98 | 26.68 | 29.12 | 27.17 |
March 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 23.27
= 15.68
To analyze Cavco Industries Inc's days of sales outstanding (DSO) over the recent quarters, we observe a fluctuating trend in the DSO ratio. The DSO measures the average number of days it takes for a company to collect revenue after a sale has been made.
In the most recent quarter, as of March 31, 2024, the DSO stands at 15.68 days, indicating that the company is efficient in collecting its accounts receivable. This is a positive sign as a lower DSO implies better liquidity and efficient cash flow management.
Looking back, we note that the DSO has shown some variability over the past few quarters, with values ranging from a low of 14.98 days to a high of 29.83 days. This variability suggests fluctuations in the company's collection efficiency and effectiveness in managing credit sales.
It is worth noting that there are certain quarters where DSO data is missing, which limits the ability to track a continuous trend over time. Analyzing the DSO ratio in conjunction with other financial metrics would provide a more holistic view of Cavco Industries Inc's overall financial health and operational efficiency.