H B Fuller Company (FUL)
Days of sales outstanding (DSO)
| Nov 30, 2024 | Aug 31, 2024 | Jun 1, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 6.39 | 6.17 | 6.18 | 6.68 | 6.07 | 6.19 | — | — | 6.17 | 5.68 | 5.54 | 5.53 | 5.33 | 5.51 | 5.18 | 5.68 | 5.42 | 5.78 | 6.22 | 6.27 | |
| DSO | days | 57.10 | 59.12 | 59.04 | 54.63 | 60.08 | 58.96 | — | — | 59.13 | 64.30 | 65.83 | 65.99 | 68.44 | 66.21 | 70.43 | 64.23 | 67.36 | 63.15 | 58.72 | 58.21 |
November 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.39
= 57.10
Based on the data provided, the Days Sales Outstanding (DSO) for H B Fuller Company has shown some fluctuations over the reporting periods. The average DSO for the company during the period covered ranges from the mid-50s to upper-60s days.
From February 2020 to November 2021, the DSO generally increased from 58.21 days to 68.44 days. This upward trend suggests that the company may have experienced challenges in collecting its accounts receivable efficiently during this period.
Thereafter, from February 2022 to November 2024, the DSO fluctuated in a narrower range between 54.63 days and 59.12 days. This moderation in DSO could indicate improvements in the company's credit and collection policies or changes in its customer base.
Overall, a lower DSO indicates faster collection of receivables, reflecting positively on the company's liquidity position and cash flow. Conversely, a higher DSO may signal potential issues with the company's accounts receivable management and collection efficiency. It is essential for H B Fuller Company to monitor its DSO closely to ensure effective management of its working capital and overall financial health.
Peer comparison
Nov 30, 2024