EMCOR Group Inc (EME)
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 | 3.93 | 3.95 | 4.11 | 4.26 | 4.31 | 4.29 | 4.29 | 4.42 | 4.49 | 4.37 | 4.39 | 4.32 | 4.58 | 4.59 | 4.65 | 4.53 | 4.52 | 4.67 | 4.50 | 4.67 | |
| DSO | days | 92.93 | 92.47 | 88.88 | 85.66 | 84.61 | 85.11 | 85.11 | 82.49 | 81.25 | 83.43 | 83.20 | 84.50 | 79.75 | 79.48 | 78.49 | 80.54 | 80.79 | 78.14 | 81.12 | 78.21 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.93
= 92.93
To analyze Emcor Group, Inc.'s days of sales outstanding (DSO) over the past eight quarters, we observe a fluctuating trend.
The DSO has ranged from 82.49 days in Q1 2022 to 92.93 days in Q4 2023. This indicates that the average number of days it takes for the company to collect its accounts receivable has increased over the period under review.
During the most recent quarters, Q3 and Q4 of 2023, the DSO was relatively high, suggesting that Emcor Group may be experiencing challenges in collecting its sales revenue promptly. This could potentially impact the company's cash flow and working capital management.
On the other hand, in Q1 and Q2 of 2023, there was a slight decrease in DSO compared to the previous periods, indicating an improvement in the company's accounts receivable collection efficiency during those quarters.
Overall, it would be advisable for Emcor Group, Inc. to closely monitor and manage its accounts receivable collection process to ensure timely payments and improve its liquidity position in the future.
Peer comparison
Dec 31, 2023