Six Flags Entertainment Corporation (FUN)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 16.43 | 11.87 | 16.47 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| DSO | days | 22.21 | 30.76 | 22.17 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 16.43
= 22.21
The Days of Sales Outstanding (DSO) ratio for Six Flags Entertainment Corporation has shown a fluctuating trend over the period from March 31, 2024, to December 31, 2024. The DSO was at 22.17 days on June 30, 2024, increased to 30.76 days by September 30, 2024, and then decreased slightly to 22.21 days by December 31, 2024.
A higher DSO indicates that the company is taking longer to collect revenue from its credit sales, which could potentially signal inefficiencies in the company's accounts receivable management or potential issues with customers' payment behavior. Conversely, a lower DSO suggests that the company is collecting revenue more quickly, which can be a positive indicator of efficient accounts receivable processes.
It would be important for Six Flags Entertainment Corporation to monitor its DSO closely to ensure timely collection of receivables and maintain a healthy cash flow position. Further analysis and comparison with industry benchmarks or historical performance would provide additional insights into the effectiveness of the company's credit and collection policies.
Peer comparison
Dec 31, 2024