Graco Inc (GGG)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 6.19 | 6.19 | 6.11 | 5.24 | 6.16 | |
| DSO | days | 58.92 | 58.92 | 59.71 | 69.66 | 59.28 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.19
= 58.92
The days of sales outstanding (DSO) for Graco Inc have shown consistency over the past five years, ranging from 58.92 days in 2023 and 2022 to 69.66 days in 2020. This metric indicates the average number of days it takes for the company to collect payments from its customers after making a sale. The relatively stable DSO suggests that Graco Inc has been effective in managing its accounts receivable and collecting payments in a timely manner. However, the slight increase in DSO in 2020 compared to the other years may indicate a temporary delay in receivables collection that year. Overall, the company's DSO trend reflects a solid accounts receivable management strategy.
Peer comparison
Dec 31, 2023