Dayforce Inc. (DAY)

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		6.46	—	—	—	6.75	—	—	—	6.81	—	—	—	7.99	—	—	—	9.80	—	—	—
DSO	days	56.52	—	—	—	54.10	—	—	—	53.56	—	—	—	45.71	—	—	—	37.25	—	—	—

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.46
= 56.52

The days of sales outstanding (DSO) for Dayforce Inc. have shown fluctuation over the past few quarters. As of December 31, 2023, the DSO stands at 56.52 days, which indicates the average number of days it takes for the company to collect its accounts receivable.

Comparing this figure with historical data, we observe an increasing trend since the earlier recorded DSO of 37.25 days on December 31, 2019. This escalating DSO trend may suggest challenges in collecting receivables promptly or changes in customers' payment behavior.

The absence of data for certain periods indicates potential gaps in the assessment of DSO, limiting the ability to derive a continuous trend analysis. It is essential for Dayforce Inc. to closely monitor and manage its DSO to ensure efficient cash flow management and maximize liquidity. Further investigation into the reasons behind the increasing DSO trend can provide insights for strategic decision-making and potential improvement opportunities.