Generac Holdings Inc (GNRC)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 7.30 | 8.61 | 6.78 | 6.54 | 6.77 | |
| DSO | days | 49.97 | 42.41 | 53.86 | 55.80 | 53.95 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.30
= 49.97
Generac Holdings Inc's Days of Sales Outstanding (DSO) has shown fluctuations over the past five years. In 2023, the DSO was 48.75 days, indicating a slight increase from the previous year. This may suggest that the company is taking longer to collect its accounts receivable compared to the prior year.
In 2022, the DSO was 41.78 days, showing an improvement from 2021 when it was 53.37 days. This significant decrease in DSO from 2021 to 2022 suggests that Generac Holdings Inc was able to collect its receivables more efficiently in 2022.
However, looking back further, we see that in 2021 and 2020, the DSO was 53.37 days and 55.06 days respectively, indicating a slight increase in the number of days required to collect accounts receivable during those periods.
In 2019, the DSO was 52.91 days, showing a relatively stable collection period compared to 2021 and 2020.
Overall, Generac Holdings Inc's DSO has varied over the years, with some improvements in efficiency in collecting receivables observed in certain years, but with fluctuations in others. Further analysis of the company's receivables management and collection policies may provide insights into these trends.
Peer comparison
Dec 31, 2023