Walt Disney Company (DIS)

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		6.30	7.21	6.70	6.81	6.03	6.54	5.93	5.57	4.90	5.04	4.76	4.66	4.32	5.15	5.53	5.39	4.40
DSO	days	57.93	50.62	54.50	53.59	60.50	55.83	61.59	65.48	74.42	72.37	76.66	78.40	84.41	70.94	66.00	67.76	83.02

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.30
= 57.93

The Days of Sales Outstanding (DSO) is a financial ratio that measures how long it takes for a company to collect cash from its sales. A lower DSO indicates that a company is collecting its accounts receivable more quickly, which is generally seen as a positive indicator of financial health.

Analyzing the DSO trend for Walt Disney Company over the past few years, we observe fluctuations in the DSO values. The DSO for Walt Disney Company as of December 31, 2023, was 57.93 days, which is lower than the DSO for the previous quarter, September 30, 2023, at 50.62 days. This decrease may suggest that Walt Disney Company improved its efficiency in collecting cash from its sales.

Comparing the most recent DSO of 57.93 days to historical data, there has been a downward trend in DSO figures since its peak of 84.41 days on December 31, 2020. The consistent downward trend in DSO reflects favorably on Walt Disney Company's cash collection process over time.

Overall, the decreasing trend in DSO for Walt Disney Company indicates efficient accounts receivable management and a potentially healthier cash flow position. This positive trend suggests that the company is effectively managing its receivables, resulting in quicker cash conversion from sales.