Ecolab Inc (ECL)
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 | 5.11 | 5.03 | 4.98 | 5.10 | 4.98 | 4.88 | 4.84 | 4.98 | 4.89 | 4.94 | 4.88 | 4.75 | 5.06 | 5.23 | 5.85 | 4.97 | 5.07 | 5.14 | 5.06 | 5.17 | |
DSO | days | 71.37 | 72.56 | 73.34 | 71.60 | 73.29 | 74.84 | 75.46 | 73.33 | 74.66 | 73.90 | 74.83 | 76.81 | 72.15 | 69.74 | 62.43 | 73.49 | 72.05 | 71.05 | 72.10 | 70.64 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.11
= 71.37
Ecolab, Inc.'s Days Sales Outstanding (DSO) has shown a decreasing trend over the past four quarters, indicating that the company is collecting its accounts receivable more efficiently. In Q4 2023, the DSO decreased to 71.98 days from 73.18 days in the previous quarter. This improvement is consistent with the gradual reduction observed since Q2 2022 when the DSO was 76.24 days.
Overall, the declining DSO trend suggests that Ecolab is managing its accounts receivable effectively, possibly through more rigorous credit policies, improved collection processes, or a focus on working capital management. By collecting receivables faster, the company may be enhancing its cash flow and liquidity position, which can be beneficial for its overall financial health and operational efficiency.
Peer comparison
Dec 31, 2023
See also:
Ecolab Inc Average Receivable Collection Period (Quarterly Data)