Helen of Troy Ltd (HELE)
Days of sales outstanding (DSO)
| Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 4.95 | 5.38 | 4.84 | 5.45 | 4.87 | |
| DSO | days | 73.78 | 67.79 | 75.47 | 66.92 | 74.96 |
February 29, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.95
= 73.78
Helen of Troy Ltd's Days Sales Outstanding (DSO) has exhibited some fluctuations over the past five years. The company's DSO was 73.78 days as of February 29, 2024, indicating the average number of days it takes for the company to collect revenue from its credit sales.
Comparing this to the previous years, there was a slight increase from the DSO of 67.79 days in 2023 and a decrease from the DSO of 75.47 days in 2022. This suggests that in 2024, the company may be taking slightly longer to collect its accounts receivable compared to the prior year but has improved from two years ago.
Furthermore, the DSO in 2024 is closer to the DSO of 66.92 days in 2021, indicating a potential return to a similar collection efficiency seen in that year. However, it is still higher than the DSO of 74.96 days observed in 2020, suggesting a slight improvement in the company's accounts receivable management over the five-year period.
Overall, Helen of Troy Ltd's DSO trend indicates some variability in its collection efficiency over the years, with the most recent figure showing a moderate increase compared to the prior year but an improvement from two years ago.