Fastenal Company (FAST)
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 | 6.75 | 6.21 | 6.17 | 6.19 | 6.87 | 6.13 | 5.94 | 5.86 | 6.67 | 6.14 | 6.26 | 6.69 | 7.33 | 6.66 | 6.27 | 6.45 | 7.18 | 6.46 | 6.32 | 8.00 | |
| DSO | days | 54.08 | 58.77 | 59.17 | 58.92 | 53.09 | 59.58 | 61.45 | 62.24 | 54.75 | 59.44 | 58.30 | 54.58 | 49.78 | 54.78 | 58.25 | 56.55 | 50.86 | 56.52 | 57.77 | 45.60 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.75
= 54.08
To analyze Fastenal Co.'s days of sales outstanding (DSO) based on the provided data, we observe fluctuations in the DSO metric over multiple quarters. In Q4 2023, the DSO stood at 54.03 days, showing an improvement from the previous quarter's 58.68 days. This decrease in DSO indicates that the company was able to collect its accounts receivable more efficiently during the period.
Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), we see a slight increase in DSO from 52.98 days to 54.03 days. This could suggest a slight deterioration in the company's collections process compared to the same period in the prior year.
Looking at the trend over the past eight quarters, we notice fluctuations and variations in DSO, with some quarters showing improvements and others indicating delays in collecting receivables. Overall, monitoring DSO trends is crucial for assessing the effectiveness of Fastenal Co.'s credit and collection policies and its overall liquidity management.
Peer comparison
Dec 31, 2023