Deere & Company (DE)
Days of sales outstanding (DSO)
| Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | — | — | — | — | — | |
| DSO | days | — | — | — | — | — |
October 29, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
To analyze Deere & Co.'s days of sales outstanding (DSO) over the past five years, we examine the trend in DSO to gain insights into the company's management of accounts receivable.
From 2019 to 2021, there was a declining trend in DSO, indicating that Deere & Co. was managing its accounts receivable more efficiently, collecting cash from sales more rapidly. However, in 2022 and 2023, the DSO remained relatively stable at around 62 days.
The stability in 2022 and 2023 could suggest that there may be factors impacting the company's collection of accounts receivable. It is important to investigate why the DSO has not continued to improve or if there are specific reasons for the stabilization.
Furthermore, comparing the DSO to industry benchmarks and peer companies can provide additional context to evaluate Deere & Co.'s performance in managing its accounts receivable. Understanding the reasons behind the trends in DSO can provide valuable insight into the company's overall financial performance and working capital management.
Peer comparison
Oct 29, 2023