Dorman Products Inc (DORM)

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		3.59	3.93	4.06	—	4.02	3.75	3.74	3.19	2.84	2.69	2.69	2.48	2.38	2.55	4.08	2.38	2.53	2.72	2.67	4.13
DSO	days	101.55	92.99	89.94	—	90.79	97.35	97.60	114.36	128.46	135.49	135.68	147.08	153.59	143.13	89.48	153.31	144.26	134.28	136.62	88.40

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.59
= 101.55

To analyze Dorman Products Inc's Days Sales Outstanding (DSO) over the past eight quarters, we observe a mixed trend in the DSO values.

From Q1 2022 to Q1 2023, there is a noticeable improvement in DSO, indicating a reduction in the number of days it takes for the company to collect its accounts receivable. However, this trend is not consistent in every quarter, as we observe some fluctuations in the values.

In particular, Q4 2022 and Q3 2023 show higher DSO values compared to the trend of improvement seen in the preceding quarters. This suggests a possible delay in collecting accounts receivable during these periods.

Overall, Dorman Products Inc's DSO has shown improvement over the past year, but the company should pay attention to the quarters with increased DSO values to ensure timely collection of receivables and maintain healthy cash flows.