Graphic Packaging Holding Company (GPK)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 11.62 | 9.34 | 10.53 | 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 | |
| DSO | days | 31.41 | 39.06 | 34.65 | 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 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 11.62
= 31.41
Days Sales Outstanding (DSO) is a key metric used to assess the efficiency of a company's accounts receivable management. It measures the average number of days it takes for a company to collect its accounts receivable balance.
In the case of Graphic Packaging Holding Company, the trend in DSO over the past several quarters shows some fluctuations. From December 31, 2019, to June 30, 2021, the DSO remained relatively stable, ranging from around 29 to 40 days. However, there was a noticeable increase in DSO as of September 30, 2021, reaching 42.21 days, which continued to rise to 44.49 days by March 31, 2022.
Subsequently, there was a significant drop in DSO to 33.99 days by December 31, 2022, which indicates an improvement in the company's accounts receivable collection efficiency. The DSO remained relatively stable in the following quarters before slightly increasing to 39.06 days as of September 30, 2024.
Overall, the trend in Graphic Packaging Holding Company's DSO suggests that the company has managed its accounts receivable well, with some fluctuations in collection efficiency over the periods analyzed. Investors and stakeholders may want to monitor this metric to ensure that the company is effectively managing its accounts receivable and maintaining a healthy cash flow position.
Peer comparison
Dec 31, 2024