Helen of Troy Ltd (HELE)
Days of sales outstanding (DSO)
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 4.95 | 4.20 | 5.04 | 5.69 | 5.38 | 4.24 | 4.37 | 4.58 | 4.83 | 4.23 | 5.01 | 5.43 | 5.45 | 4.04 | 4.62 | 5.24 | 4.88 | 4.49 | 5.14 | 6.01 | |
| DSO | days | 73.79 | 86.94 | 72.38 | 64.20 | 67.82 | 86.18 | 83.50 | 79.78 | 75.56 | 86.37 | 72.82 | 67.20 | 66.92 | 90.26 | 78.92 | 69.72 | 74.80 | 81.32 | 70.95 | 60.77 |
February 29, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.95
= 73.79
The Days of Sales Outstanding (DSO) for Helen of Troy Ltd has shown fluctuations over the past few quarters. DSO measures the average number of days a company takes to collect revenue after a sale is made.
In the most recent quarter, as of February 29, 2024, the DSO was 73.79 days, indicating that on average, it took the company around 73.79 days to collect revenue from its sales. This was a decrease from the previous quarter, where the DSO was 86.94 days.
Looking back at the historical trend, the company's DSO has ranged from a low of 60.77 days in May 2019 to a high of 90.26 days in November 2020. Overall, the trend seems to indicate some variability in the collection of accounts receivable.
A high DSO may suggest inefficiencies in collecting receivables, which could impact the company's cash flow. On the other hand, a low DSO may indicate effective credit policies or prompt collections.
It is important for Helen of Troy Ltd to closely monitor and manage its DSO to ensure timely receipt of payments and optimize cash flow management. Trends in DSO can provide insights into the company's credit and collection policies, as well as its overall financial health.