Graphic Packaging Holding Company (GPK)
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 | 11.29 | 10.86 | 10.36 | 10.53 | 10.74 | 10.18 | 8.81 | 8.20 | 8.33 | 10.61 | 11.36 | 11.28 | 10.03 | 8.65 | 9.12 | 10.01 | 12.21 | 10.39 | 9.53 | 9.35 | |
| DSO | days | 32.33 | 33.62 | 35.23 | 34.67 | 33.99 | 35.85 | 41.41 | 44.49 | 43.81 | 34.41 | 32.13 | 32.36 | 36.39 | 42.21 | 40.04 | 36.47 | 29.89 | 35.13 | 38.29 | 39.04 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 11.29
= 32.33
By analyzing the days of sales outstanding (DSO) trend for Graphic Packaging Holding Co over the past eight quarters, we can observe that there has been some fluctuation in the company's collection efficiency. In Q4 2023, the DSO decreased to 32.33 days compared to the previous quarter's 33.62 days, indicating a more efficient collection process. However, it is worth noting that the DSO has been relatively stable around the mid-thirties range over the past few quarters, with some quarterly variations.
Compared to the same quarter in the previous year, Q4 2022, Graphic Packaging Holding Co has shown an improvement in DSO from 33.99 days to 32.33 days in Q4 2023, suggesting enhanced effectiveness in collecting accounts receivable. Additionally, there has been a general decreasing trend in DSO from Q2 2022 to Q4 2023, indicating a positive development in the company's credit and collection practices.
Overall, it is essential for Graphic Packaging Holding Co to continue monitoring and managing its DSO to ensure timely and efficient collection of accounts receivable, which can positively impact cash flow and overall financial performance.
Peer comparison
Dec 31, 2023