Genuine Parts Co (GPC)
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 | 10.36 | 9.63 | 8.97 | 9.38 | 10.15 | 9.67 | 9.20 | 9.19 | 10.47 | 9.67 | 9.37 | 9.31 | 10.88 | 8.69 | 9.66 | 6.92 | 7.16 | 6.99 | 6.65 | 6.84 | |
| DSO | days | 35.24 | 37.89 | 40.68 | 38.92 | 35.94 | 37.74 | 39.67 | 39.71 | 34.87 | 37.73 | 38.94 | 39.22 | 33.56 | 42.01 | 37.80 | 52.75 | 50.98 | 52.19 | 54.87 | 53.36 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 10.36
= 35.24
The days of sales outstanding (DSO) for Genuine Parts Co. have shown a relatively stable trend over the past eight quarters. DSO measures the average number of days it takes for the company to collect revenue after making a sale. In Q4 2023, the DSO was 35.15 days, showing a slight improvement from the previous quarter. Compared to the same quarter the previous year, the DSO has also decreased, indicating a potential improvement in the company's accounts receivable collection efficiency. Overall, Genuine Parts Co. has been successful in managing its accounts receivable turnover, with a consistent and generally decreasing trend in DSO over the analyzed period.