Hasbro Inc (HAS)
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 | 4.86 | 4.89 | 6.35 | — | 5.17 | 5.21 | 7.45 | 6.94 | 4.28 | 4.15 | 6.86 | 6.76 | 3.93 | 3.59 | 5.45 | 5.28 | 3.35 | 3.30 | 5.81 | 7.20 | |
| DSO | days | 75.09 | 74.59 | 57.52 | — | 70.57 | 70.08 | 48.99 | 52.57 | 85.30 | 87.92 | 53.24 | 54.03 | 92.94 | 101.54 | 66.94 | 69.07 | 109.08 | 110.47 | 62.86 | 50.70 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.86
= 75.09
To analyze Hasbro, Inc.'s days of sales outstanding (DSO), we observe fluctuations in the DSO metric over the past eight quarters. DSO represents the average number of days it takes for a company to collect revenue after a sale is made. A lower DSO indicates that a company is collecting payments faster, which may suggest efficient credit and collection processes.
In Q1 2023, Hasbro, Inc. experienced a notable decrease in DSO to 43.92 days compared to the previous quarter Q4 2022, where DSO was at 70.57 days. This significant drop indicates that the company was more efficient in collecting payments from customers during that period.
However, in Q2 2023, there was a sharp increase in DSO to 57.52 days, followed by a further increase to 74.59 days in Q3 2023 and 75.09 days in Q4 2023. These rising trends suggest that Hasbro, Inc. may be taking longer to collect payments from customers, potentially indicating challenges in credit and collection processes or extending credit terms to customers.
Comparing the DSO figures to the previous year, Q1 and Q2 of 2023 had higher DSO values than the same quarters in 2022. This signifies a worsening trend in collecting payments over time, which could impact the company's cash flow and liquidity.
Overall, Hasbro, Inc. should closely monitor its DSO metric and implement strategies to improve collections efficiency and maintain healthy cash flows.