Floor & Decor Holdings Inc (FND)
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 | 158.12 | 272.75 | 312.04 | — | 581.66 | 418.25 | 275.41 | — | 978.90 | — | — | — | — | — | — | — | — | — | — | — | |
| DSO | days | 2.31 | 1.34 | 1.17 | — | 0.63 | 0.87 | 1.33 | — | 0.37 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 158.12
= 2.31
Floor & Decor Holdings Inc has shown a relatively consistent and efficient performance in managing its accounts receivable turnover over the periods indicated. The days of sales outstanding (DSO) metric measures the average number of days it takes for the company to collect payment after making a sale. A lower DSO indicates quicker collection of accounts receivable, which is typically favorable as it reflects better cash flow management.
From the data provided, Floor & Decor has achieved consistently low DSO figures, with an average of 1.30 days over the reported periods. This suggests that the company has been successful in promptly collecting payments from its customers, indicating a strong credit and collection process. The slight fluctuations in DSO over time may be influenced by various factors such as changes in sales volume, credit policies, or customer payment behavior.
Overall, the low and stable DSO figures for Floor & Decor Holdings Inc indicate effective accounts receivable management, leading to improved liquidity and financial health for the company. This efficient collection of accounts receivable contributes to a stronger cash position and better overall operational performance.
Peer comparison
Dec 31, 2023