Fortune Brands Innovations Inc. (FBIN)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 8.66 | 9.05 | 5.42 | 4.93 | 9.23 | |
| DSO | days | 42.15 | 40.33 | 67.33 | 74.07 | 39.56 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.66
= 42.15
The days of sales outstanding (DSO) for Fortune Brands Innovations Inc. have fluctuated over the past five years. In 2023, the DSO stands at 42.15 days, which is slightly higher compared to the previous year's DSO of 40.33 days. This indicates that the company takes approximately 42 days to collect its accounts receivable, slightly longer than the previous year.
Looking back, in 2021, the DSO was 67.33 days, showing a significant improvement from 2020 when it was 74.07 days. This suggests that the company was able to collect its receivables more efficiently in 2021. In contrast, in 2019, the DSO was 39.56 days, similar to the current year, indicating a consistent collection period over these two years.
Overall, the trend in DSO for Fortune Brands Innovations Inc. has shown some variability over the years, with fluctuations in collection efficiency. It is important for the company to closely monitor and manage its accounts receivable to ensure timely collections and maintain a healthy cash flow position.
Peer comparison
Dec 31, 2023