GXO Logistics Inc (GXO)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 5.55 | 5.78 | 5.48 | 5.73 | 5.44 | 5.82 | 5.42 | 5.48 | ||||
| DSO | days | 65.79 | 63.13 | 66.55 | 63.71 | 67.06 | 62.76 | 67.37 | 66.57 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.55
= 65.79
To analyze the Days of Sales Outstanding (DSO) trend for GXO Logistics Inc, we observe fluctuations in the DSO over the past five quarters. In Q4 2023, the DSO was 65.44 days, slightly higher than the previous quarter at 62.79 days in Q3 2023. This increase indicates a slightly longer period for the company to collect its accounts receivable.
Comparing the DSO in Q4 2023 to the DSO in Q4 2022, we see a modest improvement from 66.85 days to 65.44 days. This suggests that GXO Logistics Inc may have enhanced its efficiency in collecting payments from customers over the year.
Overall, while there have been some fluctuations in the DSO for GXO Logistics Inc in recent quarters, the company has shown relative stability in managing its accounts receivable turnover. Further analysis of working capital management and sales trends could provide additional insights into the company's financial operations and liquidity position.
Peer comparison
Dec 31, 2023