Haynes International Inc (HAYN)
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 | 6.09 | 5.35 | 6.21 | 5.44 | 5.64 | 5.14 | 5.53 | 5.16 | 6.22 | 5.68 | 6.05 | 6.38 | 7.70 | 6.92 | 7.48 | 7.16 | 7.38 | 6.22 | 6.02 | 5.62 | |
| DSO | days | 59.89 | 68.19 | 58.75 | 67.10 | 64.70 | 71.02 | 65.96 | 70.80 | 58.66 | 64.22 | 60.33 | 57.20 | 47.43 | 52.78 | 48.77 | 50.99 | 49.44 | 58.72 | 60.63 | 64.98 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.09
= 59.89
To analyze Haynes International Inc.'s Days of Sales Outstanding (DSO), we note the following trends:
- DSO has shown fluctuations over the past eight quarters, ranging from a low of 58.07 days in Q3 2023 to a high of 70.63 days in Q4 2022.
- In the most recent quarter (Q1 2024), the DSO decreased to 58.99 days compared to the prior quarter (Q4 2023) where it was 67.23 days. This suggests an improvement in the collection of receivables.
- Despite the quarterly fluctuations, the DSO levels have generally remained within a relatively narrow range between 58.07 days and 70.63 days over the eight-quarter period.
- A lower DSO indicates that the company is collecting its accounts receivable more efficiently, potentially improving cash flow and liquidity.
- It is important for the company to closely monitor and manage its DSO to ensure the timely collection of receivables and maintain healthy working capital levels.
Overall, Haynes International Inc. should continue to focus on optimizing its credit and collection policies to keep the DSO at an optimal level, ultimately enhancing its financial performance and stability.
Peer comparison
Dec 31, 2023