GATX Corporation (GATX)

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		7.96	16.41	15.43	15.08	16.05	18.15	18.94	18.30	17.83	17.68	18.48	18.14	18.01	16.51	14.79	14.86	16.19	17.07	16.80	15.56
DSO	days	45.84	22.25	23.65	24.21	22.74	20.11	19.27	19.95	20.47	20.64	19.75	20.12	20.26	22.11	24.67	24.56	22.55	21.39	21.73	23.46

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.96
= 45.84

The Days Sales Outstanding (DSO) of GATX Corporation has shown some fluctuations over the reported periods. The DSO decreased from 23.46 days on March 31, 2020, to its lowest point of 19.27 days on June 30, 2023. This indicates that the company was able to collect its accounts receivable more efficiently during this period.

However, there was a notable increase in DSO to 45.84 days on December 31, 2024, which indicates a potential delay in collecting receivables. This increase could raise concerns about the company's liquidity or the effectiveness of its credit and collection policies. It would be important for stakeholders to closely monitor this trend to ensure the company's financial health.

Overall, it is crucial for GATX Corporation to maintain a balance between efficient receivables management and ensuring timely collection of outstanding payments to support its operational and financial stability.