Foot Locker Inc (FL)
Days of sales outstanding (DSO)
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 50.97 | — | — | — | 54.64 | — | — | — | 66.85 | — | — | — | 60.87 | — | — | — | 80.05 | — | — | — | |
| DSO | days | 7.16 | — | — | — | 6.68 | — | — | — | 5.46 | — | — | — | 6.00 | — | — | — | 4.56 | — | — | — |
February 3, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 50.97
= 7.16
The days of sales outstanding (DSO) for Foot Locker Inc have shown variability in recent periods. In the most recent data available, as of February 3, 2024, the DSO stood at 7.16 days, indicating that, on average, it took approximately 7 days for the company to collect its accounts receivable.
Looking back at historical data, the DSO was lower at 6.68 days as of January 28, 2023, and further decreased to 5.46 days as of January 29, 2022. This suggests that Foot Locker has been improving its efficiency in collecting receivables over the past year.
Comparing the DSO to industry benchmarks and historical trends can provide insights into the company's credit and collection policies, as well as its overall financial health. A lower DSO generally indicates that a company is able to collect payments faster, which can improve liquidity and working capital management.
In conclusion, monitoring Foot Locker's DSO over time can help assess its effectiveness in managing accounts receivable and cash flow, providing valuable information for investors and stakeholders.
Peer comparison
Feb 3, 2024