Expeditors International of Washington Inc (EXPD)

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		6.06	7.15	8.86	9.33	8.09	6.92	5.47	4.57	4.38	4.34	4.76	5.20	5.06	5.68	5.89	6.35	6.22	6.34	6.06	6.13
DSO	days	60.28	51.04	41.21	39.12	45.13	52.76	66.76	79.89	83.43	84.09	76.69	70.24	72.09	64.23	61.96	57.48	58.71	57.55	60.18	59.50

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.06
= 60.28

Expeditors International Of Washington, Inc.'s days of sales outstanding (DSO) has shown a decreasing trend over the past two years, indicating an improvement in the company's efficiency in collecting receivables. In Q4 2023, the DSO was 60.15 days, which was higher compared to the previous quarter but still below the levels seen in the prior year.

Overall, the downward trend in DSO from Q1 2022 to Q4 2023 suggests that Expeditors International Of Washington, Inc. has been successful in managing its accounts receivable and turning sales into cash more efficiently. This may indicate effective credit policies and collection processes in place. However, monitoring DSO in the upcoming quarters will be crucial to assess if the company can sustain this positive trend and continue to improve its working capital management.