Designer Brands Inc (DBI)
Days of sales outstanding (DSO)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 36.79 | 42.64 | 16.00 | 11.40 | 39.18 | |
| DSO | days | 9.92 | 8.56 | 22.82 | 32.02 | 9.32 |
February 3, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 36.79
= 9.92
To analyze the Days of Sales Outstanding (DSO) trend for Designer Brands Inc over the past five years, we observe a fluctuating pattern:
1. In the most recent fiscal year ending on February 3, 2024, the DSO was reported at 9.92 days. This indicates that, on average, it took the company about 9.92 days to collect its accounts receivable.
2. In the prior fiscal year ending on January 28, 2023, the DSO decreased to 8.56 days, reflecting an improvement in collections efficiency compared to the previous year.
3. However, in the fiscal year ending on January 29, 2022, the DSO increased significantly to 22.82 days. This suggests that the company took longer to collect its receivables compared to the previous year.
4. Looking further back, in the fiscal year ending on January 30, 2021, the DSO was reported at 32.02 days, indicating a notable increase in the collection period compared to the preceding year.
5. Finally, in the fiscal year ending on February 1, 2020, the DSO decreased to 9.32 days, showing a significant improvement in collections efficiency compared to the prior year.
Overall, the trend in DSO for Designer Brands Inc shows variability over the past five years, with both improvements and deteriorations in collections efficiency observed. It is essential for the company to monitor and manage its collections effectively to optimize cash flow and working capital management.
Peer comparison
Feb 3, 2024