The Hain Celestial Group Inc (HAIN)

Days of sales outstanding (DSO)

		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	Dec 31, 2019	Sep 30, 2019
Receivables turnover		9.37	8.80	8.90	10.93	10.91	10.08	10.47	10.86	11.09	11.93	11.50	10.68	11.36	10.65	11.27	12.47	12.01	8.83	10.39	10.77
DSO	days	38.97	41.48	41.02	33.39	33.47	36.21	34.87	33.60	32.93	30.60	31.73	34.16	32.12	34.27	32.38	29.28	30.38	41.32	35.13	33.89

June 30, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.37
= 38.97

Days Sales Outstanding (DSO) is a measure used to evaluate how efficiently a company is managing its accounts receivable. It indicates the average number of days it takes for a company to collect payment after making a sale.

Analyzing the DSO trend of The Hain Celestial Group Inc over the past few quarters reveals some interesting insights.

From Dec 31, 2019, to Dec 31, 2020, DSO increased significantly from 33.89 days to 41.32 days, suggesting a deterioration in the company's ability to collect receivables promptly. This may indicate potential issues with customer creditworthiness or collection processes during this period.

Subsequently, from Dec 31, 2020, to Sep 30, 2021, there was a slight improvement in DSO, decreasing to 34.27 days. However, the company experienced a spike in DSO by Jun 30, 2022, to 32.93 days, indicating a potential slowdown in collections.

The trend continued with DSO increasing to 33.60 days by Mar 31, 2022. However, there was a significant improvement by Jun 30, 2022, with DSO dropping to 30.60 days, reflecting a more efficient collection of receivables.

The positive trend continued as DSO decreased to 32.93 days by Sep 30, 2022, indicating further improvement in accounts receivable management. This trend continued with DSO decreasing further to 33.60 days by Dec 31, 2022, showcasing consistency in efficient collection practices.

By Mar 31, 2023, DSO increased slightly to 36.21 days, indicating a potential slowdown in collections. However, this trend reversed by Jun 30, 2023, when DSO decreased to 33.47 days, showing a return to more efficient accounts receivable management.

From Sep 30, 2023, to Dec 31, 2023, DSO remained relatively stable at around 33-34 days. By Mar 31, 2024, the DSO increased to 41.48 days, reflecting a deterioration in collections efficiency.

The most recent data point as of Jun 30, 2024, shows a DSO of 38.97 days, indicating a slight improvement from the previous quarter but still higher compared to some earlier periods.

Overall, the analysis of The Hain Celestial Group Inc's DSO trend suggests fluctuations in accounts receivable management efficiency over the past few quarters. It would be essential for the company to maintain a focus on optimizing collection processes to ensure timely and efficient collection of receivables.