Crane NXT Co (CXT)
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 | 8.87 | 21.90 | 19.43 | 7.78 | 8.24 | 4.75 | 5.85 | 6.64 | 6.98 | 6.27 | 6.55 | 5.78 | 6.38 | 6.63 | 6.75 | 5.88 | 5.91 | 6.15 | 6.20 | 5.89 | |
| DSO | days | 41.17 | 16.67 | 18.78 | 46.93 | 44.27 | 76.90 | 62.37 | 54.99 | 52.26 | 58.25 | 55.70 | 63.15 | 57.20 | 55.03 | 54.10 | 62.03 | 61.71 | 59.35 | 58.86 | 62.00 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.87
= 41.17
Based on the days of sales outstanding (DSO) data provided for Crane NXT Co over the past few quarters, there is notable variability in the collection period for accounts receivable.
The DSO for Crane NXT Co ranged from as low as 16.67 days in September 2023 to as high as 76.90 days in September 2022. This suggests that the company's efficiency in collecting outstanding receivables has fluctuated significantly over time.
In general, a lower DSO indicates that the company is collecting payments from customers more quickly, which is a positive sign of efficient accounts receivable management. Conversely, a higher DSO implies that the company is taking longer to collect payments, possibly indicating issues with credit policies, customer payment behavior, or internal collection processes.
It is important for Crane NXT Co to closely monitor and manage its DSO to ensure effective cash flow management and timely collection of accounts receivable. Analyzing trends in DSO over time can provide valuable insights into the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023