Ethan Allen Interiors Inc (ETD)
Days of sales outstanding (DSO)
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 95.50 | 83.18 | 103.15 | 67.00 | 68.34 | 77.39 | 115.50 | 144.11 | 70.99 | 66.33 | 99.45 | 90.17 | 75.87 | 51.71 | 63.58 | 42.82 | 72.89 | 65.08 | 54.06 | 59.36 | |
| DSO | days | 3.82 | 4.39 | 3.54 | 5.45 | 5.34 | 4.72 | 3.16 | 2.53 | 5.14 | 5.50 | 3.67 | 4.05 | 4.81 | 7.06 | 5.74 | 8.52 | 5.01 | 5.61 | 6.75 | 6.15 |
June 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 95.50
= 3.82
Days Sales Outstanding (DSO) is a key metric used to assess how efficiently a company is managing its accounts receivable. It measures the average number of days it takes for a company to collect payment after making a sale.
Analyzing Ethan Allen Interiors Inc's DSO over the past several quarters reveals fluctuations in the efficiency of their accounts receivable management.
In the most recent quarter, ending June 30, 2024, the company recorded a DSO of 3.82 days, indicating a relatively fast collection of receivables compared to the previous quarter's DSO of 4.39 days. This improvement suggests a more efficient collection process, potentially resulting from tighter credit policies or more prompt customer payments.
Looking further back, there have been fluctuations in DSO over the past few quarters, with some quarters showing higher DSO figures, indicating slower collection of receivables, and other quarters showing lower figures, indicating faster collection.
Overall, it appears that Ethan Allen Interiors Inc has made efforts to improve its accounts receivable management efficiency in recent quarters. However, continued monitoring of DSO trends is important to ensure a consistent and effective credit and collection strategy.