Fox Factory Holding Corp (FOXF)
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 | 8.46 | 10.21 | 9.40 | 8.29 | 7.97 | 7.87 | — | — | 9.15 | — | — | — | 7.35 | — | — | — | — | — | — | — | |
| DSO | days | 43.16 | 35.75 | 38.83 | 44.04 | 45.80 | 46.40 | — | — | 39.91 | — | — | — | 49.67 | — | — | — | — | — | — | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.46
= 43.16
The days of sales outstanding (DSO) ratio for Fox Factory Holding Corp has fluctuated over the period analyzed, ranging from a low of 35.75 days to a high of 49.67 days. A lower DSO indicates that the company is collecting its accounts receivable more quickly, which can be a positive sign of efficient cash flow management. On the other hand, a higher DSO may indicate that the company is struggling to collect payments from customers promptly.
Overall, Fox Factory Holding Corp should monitor its DSO closely to ensure efficient management of accounts receivable and timely collections, which can impact the company's liquidity and overall financial health. Further analysis and comparison to industry benchmarks over time can provide valuable insights into the effectiveness of the company's credit and collection policies.
Peer comparison
Dec 31, 2023