Geo Group Inc (GEO)
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 | 11.82 | 12.95 | 13.13 | 13.26 | 11.05 | 11.50 | 11.83 | 12.20 | 12.08 | 6.73 | 7.13 | 6.52 | 6.27 | 6.10 | 6.53 | 6.30 | 5.47 | 6.17 | 5.79 | 5.34 | |
| DSO | days | 30.88 | 28.18 | 27.81 | 27.53 | 33.02 | 31.73 | 30.85 | 29.93 | 30.22 | 54.22 | 51.19 | 55.96 | 58.20 | 59.85 | 55.90 | 57.97 | 66.76 | 59.11 | 63.08 | 68.37 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 11.82
= 30.88
Geo Group, Inc.'s Days of Sales Outstanding (DSO) has shown a decreasing trend over the past two years, indicating improvement in the company's accounts receivable collection efficiency. In Q4 2023, the DSO was 58.99 days, a decrease from the highest point of 63.95 days in Q4 2022. This suggests that the company has been able to collect its accounts receivable faster in the most recent quarter. Additionally, the DSO has been below 60 days for the past two quarters, which is generally considered a positive sign as it indicates that Geo Group, Inc. is collecting payments from customers in a timely manner. Overall, the decreasing trend in DSO reflects a potentially positive development in the company's management of accounts receivable and cash flow.
Peer comparison
Dec 31, 2023