Gates Industrial Corporation plc (GTES)

Days of sales outstanding (DSO)

Dec 31, 2024 Sep 30, 2024 Jun 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
Receivables turnover 4.54 3.93 4.04 4.20 4.47 4.13 3.92 — 4.33 — — — 4.78 — — — — — — —
DSO days 80.46 92.78 90.34 86.93 81.65 88.40 93.04 — 84.37 — — — 76.40 — — — — — — —

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.54
= 80.46

Based on the data provided, Gates Industrial Corporation plc's Days of Sales Outstanding (DSO) has shown fluctuations over the periods analyzed. The DSO for the company was consistently not reported (\u2014 days) until December 31, 2021, when it stood at 76.40 days. Subsequently, the DSO increased to 84.37 days by December 31, 2022.

In the following periods, there were variations in DSO: March 31, 2023 saw a decrease to 81.65 days, followed by an increase to 86.93 days on March 31, 2024. The trend continued with further rises in DSO to 90.34 days on June 30, 2024, and 92.78 days on September 30, 2024. Notably, there was a decrease to 80.46 days by December 31, 2024.

The DSO metric is essential for assessing how efficiently the company is managing its accounts receivable. A higher DSO indicates that the company is taking longer to collect payments from its customers, which could lead to cash flow issues. Conversely, a lower DSO reflects faster collection of receivables, indicating better liquidity and potentially efficient credit management.