Crane NXT Co (CXT)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 6.47 | 7.11 | 7.21 | 6.79 | 5.54 | |
| DSO | days | 56.38 | 51.34 | 50.59 | 53.78 | 65.90 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.47
= 56.38
The days of sales outstanding (DSO) for Crane NXT Co have shown a fluctuating trend over the past five years. In 2023, the DSO increased to 56.38 days from 51.34 days in 2022. This indicates that the company took longer to collect its accounts receivable in 2023 compared to the previous year. However, the DSO in 2023 is still lower than in 2019 when it was 65.90 days.
Overall, the trend of DSO in the past five years suggests that there may have been variations in the efficiency of Crane NXT Co in collecting its accounts receivable. It is important for the company to closely monitor and manage its DSO to ensure timely collection of receivables and maintain healthy cash flow.
Peer comparison
Dec 31, 2023