Estee Lauder Companies Inc (EL)

Days of sales outstanding (DSO)

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Receivables turnover		9.36	8.25	9.42	7.82	9.04	8.28	8.65	8.12	10.96	8.33	8.47	8.01	10.89	8.20	8.53	7.53	9.53	8.48	7.20	7.70
DSO	days	38.98	44.24	38.75	46.70	40.39	44.10	42.19	44.96	33.31	43.81	43.11	45.55	33.52	44.52	42.80	48.50	38.31	43.05	50.72	47.37

June 30, 2025 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.36
= 38.98

The Days of Sales Outstanding (DSO) for Estee Lauder Companies Inc. has demonstrated variability over the analyzed period, indicating fluctuations in the company's efficiency in collecting receivables. Starting from approximately 47.37 days at the end of September 2020, DSO increased to a peak of around 50.72 days by the end of December 2020, suggesting a slowdown in receivables collection subsequently stabilized to some extent. Throughout 2021, the DSO fluctuated, reaching a low of approximately 38.31 days in June 2021, before rising again to around 48.50 days by September 2021, and then decreasing to approximately 42.80 days at year-end.

In 2022, the DSO exhibited a downward trend, reaching its lowest point at 33.52 days in June, before increasing to 45.55 days by September, and remaining relatively stable around the low 40s through the end of the year. The early months of 2023 observed the DSO hovering close to 43.81 days, with a decrease to 33.31 days in June, indicating improved collection efficiency at that time. However, the DSO rose again to nearly 45 days by September 2023.

Projected data for the subsequent periods show a pattern of intermittent increases and decreases, with DSO values generally ranging from the low 30s to mid-40s days. Notably, the DSO reached approximately 38.75 days at the end of 2024, suggesting periods of more efficient receivable collection, but then increased again to around 44.24 days in March 2025.

Overall, the trend in Estee Lauder's DSO reflects periods of both improvement and deterioration in the company's receivables collection effectiveness. The observed fluctuations may be influenced by seasonal sales patterns, credit policies, or broader economic factors. The company’s DSO generally remains within a range of approximately 33 to 50 days, with notable peaks and troughs suggesting ongoing adjustments in credit and collection practices over the observed timeline.