Fresh Del Monte Produce Inc (FDP)
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 | 8.21 | 9.38 | 8.46 | 8.61 | 8.81 | 10.00 | — | — | 8.93 | — | — | — | 9.66 | 10.22 | 9.68 | 9.25 | 9.59 | 10.10 | 9.09 | 8.75 | |
| DSO | days | 44.43 | 38.93 | 43.13 | 42.41 | 41.43 | 36.50 | — | — | 40.87 | — | — | — | 37.80 | 35.71 | 37.71 | 39.45 | 38.04 | 36.12 | 40.17 | 41.73 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.21
= 44.43
The Days Sales Outstanding (DSO) for Fresh Del Monte Produce Inc has shown some variability over the recent quarters.
From March 2019 to March 2020, there was a decreasing trend in DSO, indicating that the company was able to collect its accounts receivable more efficiently during this period. However, from March 2020 to June 2020, there was a slight increase in DSO, which could be attributed to changes in the company's credit policies or the payment behavior of its customers.
The DSO decreased again from June 2020 to December 2020, suggesting that the company improved its collections process. The trend continued to September 2021, with some quarters showing further improvement in DSO and others not providing data.
From December 2021 to December 2023, there were fluctuations in DSO, with some quarters showing an increase and others a decrease. The increase in DSO could indicate potential challenges in collecting accounts receivable promptly or changes in customer payment habits.
Overall, while there have been periods of improvement in DSO for Fresh Del Monte Produce Inc, the variability in the ratio over the quarters may require further examination to identify underlying factors impacting the company's accounts receivable management and collection processes.
Peer comparison
Dec 31, 2023