Fresh Del Monte Produce Inc (FDP)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 8.21 | 8.81 | 8.93 | 9.66 | 9.59 | |
| DSO | days | 44.43 | 41.43 | 40.87 | 37.80 | 38.04 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.21
= 44.43
Days of Sales Outstanding (DSO) measures the average number of days it takes for a company to collect revenue after making a sale. Fresh Del Monte Produce Inc's DSO has shown a fluctuating trend over the past five years.
In 2019, the company's DSO was 38.04 days, increasing to 37.80 days in 2020, indicating a slight improvement in collecting sales revenue. However, in 2021, the DSO increased to 40.87 days, suggesting a delay in the collection of revenue compared to the previous year.
The trend reversed in 2022, with the DSO decreasing to 41.43 days, indicating a faster collection of revenue compared to the previous year. In 2023, Fresh Del Monte Produce Inc's DSO further improved to 44.43 days, although it was higher compared to the previous year.
Overall, there have been fluctuations in Fresh Del Monte Produce Inc's DSO over the past five years, indicating varying efficiency in collecting sales revenue. Further analysis would be needed to understand the underlying reasons for these changes and to assess their impact on the company's financial performance.
Peer comparison
Dec 31, 2023