Comfort Systems USA Inc (FIX)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 33.84 | 0.86 | 0.81 | 0.91 | 1.03 | |
| DSO | days | 10.79 | 425.66 | 447.92 | 400.94 | 355.79 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 33.84
= 10.79
Comfort Systems USA, Inc.'s Days Sales Outstanding (DSO) has shown some variability over the past five years. The company's DSO was 111.19 days in 2023, which represents an increase from 102.85 days in 2022. This longer collection period may suggest that the company is taking more time to collect its accounts receivable, potentially impacting its cash flow and liquidity.
Comparing to previous years, the DSO was higher than in 2021 when it was 109.61 days and in 2019 when it was 99.78 days. However, it was lower than in 2020 when it was 93.01 days. This fluctuation indicates that Comfort Systems USA, Inc. may have experienced changes in its credit policies, customer payment behavior, or sales volume over the years.
A higher DSO could imply that the company is facing challenges in collecting payments promptly, which may lead to cash flow issues or increased credit risk. It is essential for Comfort Systems USA, Inc. to monitor and manage its DSO effectively to ensure timely collection of receivables and maintain a healthy operating cycle.
Peer comparison
Dec 31, 2023