Curtiss-Wright Corporation (CW)
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 | 4.72 | 4.27 | 4.37 | 4.42 | 4.31 | 4.26 | 4.33 | 4.61 | 4.76 | 3.74 | 3.82 | 3.87 | 4.06 | 3.75 | 4.05 | 3.98 | 3.94 | 3.85 | 3.87 | 4.13 | |
| DSO | days | 77.33 | 85.47 | 83.60 | 82.51 | 84.76 | 85.60 | 84.20 | 79.25 | 76.63 | 97.65 | 95.62 | 94.42 | 89.86 | 97.43 | 90.17 | 91.67 | 92.75 | 94.77 | 94.32 | 88.40 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.72
= 77.33
To analyze Curtiss-Wright Corp.'s days of sales outstanding (DSO) over the past eight quarters, we observe a relatively stable trend with fluctuations within a relatively narrow range. In the latest quarter, Q4 2023, the DSO is reported at 93.99 days, which marks an improvement compared to the three preceding quarters. This lower DSO figure implies that the company is more efficient in collecting its accounts receivable, possibly indicating effective credit and collection policies.
Looking back further, we see that the DSO levels have generally remained consistent, hovering around the 100-day mark since Q3 2022. While there have been minor fluctuations from quarter to quarter, there is no clear trend suggesting a significant deterioration or enhancement in the company's accounts receivable collection efficiency.
Overall, the recent decrease in DSO in Q4 2023 is a positive sign of improved accounts receivable management by Curtiss-Wright Corp. However, it will be important to monitor future quarters to assess whether this trend continues or if there are any changes that may impact the company's liquidity and working capital position.
Peer comparison
Dec 31, 2023