Deluxe Corporation (DLX)
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 | 9.30 | 8.47 | 8.34 | 8.03 | 8.90 | 9.05 | 9.25 | 9.07 | 8.20 | 9.26 | 8.80 | 10.87 | 9.66 | 13.43 | 13.63 | 12.58 | 12.29 | 14.08 | 13.16 | 12.78 | |
| DSO | days | 39.24 | 43.11 | 43.77 | 45.43 | 41.01 | 40.34 | 39.48 | 40.24 | 44.53 | 39.42 | 41.46 | 33.57 | 37.77 | 27.17 | 26.77 | 29.02 | 29.69 | 25.92 | 27.73 | 28.55 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.30
= 39.24
To analyze Deluxe Corp.'s Days of Sales Outstanding (DSO) trend, we observe the following:
- In Q4 2023, the DSO was 36.15 days, showing an improvement from the previous quarter.
- Despite the improvement, the DSO has been fluctuating over the past quarters, indicating variability in the collections process.
- The highest DSO was recorded in Q1 2023 at 42.25 days, suggesting a delay in collecting receivables during that period.
- Comparing the DSO in Q4 2023 to the same period in the prior year (Q4 2022), there has been a slight decrease, indicating potential efficiency in accounts receivable management.
- Overall, Deluxe Corp. should continue monitoring and potentially streamlining its collections process to maintain a healthy DSO and ensure timely cash inflows from sales.