CoreCivic Inc (CXW)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 6.08 | 5.91 | 6.59 | 7.12 | 7.05 | |
| DSO | days | 60.08 | 61.80 | 55.42 | 51.28 | 51.74 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.08
= 60.08
Days of Sales Outstanding (DSO) is a measure that indicates the average number of days it takes for a company to collect payment after making a sale. A lower DSO value is generally favorable as it signifies quicker collection of receivables and better liquidity.
Looking at CoreCivic Inc's DSO over the past five years, we observe a somewhat fluctuating trend. In 2023, the DSO was 60.08 days, slightly lower than the previous year's 61.80 days. This decrease may suggest an improvement in the company's efficiency in collecting payments from customers.
Comparing the most recent DSO figure to that of 2019, we see a slight increase from 51.74 days to 60.08 days. This rise may indicate a potential slowdown in receivables turnover or challenges in collecting payments promptly.
Overall, while CoreCivic Inc's DSO has shown some variability over the years, the recent increase warrants further analysis to understand the underlying factors affecting the collection of receivables and the company's overall financial health.
Peer comparison
Dec 31, 2023