Griffon Corporation (GFF)

Looking at the historical trend of Days Sales Outstanding (DSO) for Griffon Corporation over the past five years, we can observe a gradual improvement in the company's collection efficiency.

In the most recent fiscal year ending September 30, 2024, the DSO stood at 43.55 days, showing a decrease from the prior year's DSO of 43.92 days. This indicates that Griffon Corporation has been able to collect its accounts receivable more efficiently in the latest period.

Comparing the DSO to two years ago, we see a more significant improvement, with the DSO dropping from 47.82 days in 2022 to 43.55 days in 2024. This suggests that the company has been successful in streamlining its credit and collection processes, leading to quicker turnover of accounts receivable.

Furthermore, looking back at the trend over the past five years, Griffon Corporation has made consistent progress in reducing its DSO from 54.46 days in 2020 to 43.55 days in 2024. This indicates a positive trend of improved liquidity and working capital management.

Overall, the decreasing trend in Days Sales Outstanding reflects positively on Griffon Corporation's ability to efficiently collect outstanding receivables, which is essential for maintaining healthy cash flow and liquidity in the business operations.