Dayforce Inc. (DAY)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | — | — | — | — | — | |
| DSO | days | — | — | — | — | — |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
Based on the provided data, the Days Sales Outstanding (DSO) ratio for Dayforce Inc. is presented as "— days" for the years ending on December 31, 2020, 2021, 2022, 2023, and 2024.
The DSO ratio is used to assess the average number of days a company takes to collect payment after making a sale. In this case, the absence of specific numerical values for the DSO ratio makes it challenging to evaluate Dayforce Inc.'s efficiency in collecting its accounts receivable within a given period.
It is important for a company to effectively manage its DSO as a high DSO may indicate potential cash flow issues or a lenient credit policy for customers, while a low DSO could suggest efficient receivables management but potentially stricter credit terms that could impact sales.
Further information or historical trend analysis would be needed to better understand Dayforce Inc.'s accounts receivable collection efficiency and its impact on the company's overall financial performance and liquidity position.
Peer comparison
Dec 31, 2024