Geo Group Inc (GEO)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 11.82 | 11.05 | 12.06 | 12.67 | 11.19 | |
| DSO | days | 30.87 | 33.04 | 30.26 | 28.81 | 32.61 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 11.82
= 30.87
Geo Group, Inc.'s days of sales outstanding (DSO) have shown fluctuations over the past five years. In 2023, the DSO decreased to 58.99 days from 63.95 days in 2022. This suggests that the company collected its accounts receivable more efficiently in 2023 compared to the previous year. However, the DSO was slightly higher in 2023 compared to 2021, where it was 60.18 days. In 2020, the DSO was 57.30 days, which was the lowest in the past five years, indicating a more efficient collection of accounts receivable that year. The highest DSO was recorded in 2019 at 65.13 days. Overall, the trend in DSO indicates some volatility in the efficiency of Geo Group, Inc.'s accounts receivable collection over the years, with efforts made to improve this metric in 2023 compared to 2022.
Peer comparison
Dec 31, 2023