Grocery Outlet Holding Corp (GO)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 206.76 | 168.20 | 263.57 | — | 234.54 | — | — | — | 295.46 | — | — | — | — | — | — | ||||
| DSO | days | 1.77 | 2.17 | 1.38 | — | 1.56 | — | — | — | 1.24 | — | — | — | — | — | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 206.76
= 1.77
Days Sales Outstanding (DSO) is a key financial ratio that indicates how quickly a company collects its accounts receivable. Lower DSO values suggest that the company is efficient in collecting payments from customers, whereas higher DSO values may indicate potential issues with collecting revenue.
Based on the data provided for Grocery Outlet Holding Corp, the DSO has shown some fluctuations over the past few quarters. The DSO was at 1.77 days at the end of December 2023, which decreased to 1.56 days at the end of September 2023. This suggests that the company improved its collection efficiency during this period. However, there is missing data for some quarters, which makes it challenging to assess the trend accurately.
It is important to note that a low DSO is generally favorable as it indicates efficient receivables management. Comparing the DSO to industry benchmarks and historical data can provide more insights into Grocery Outlet Holding Corp's performance in managing its accounts receivable effectively. Further analysis and additional data would be needed to make a more comprehensive evaluation of the company's DSO trend.
Peer comparison
Dec 31, 2023