Hilton Grand Vacations Inc (HGV)
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 | 7.85 | 8.96 | 8.35 | 7.93 | 7.50 | 9.25 | 8.46 | 6.44 | 7.73 | 6.15 | 4.50 | 7.01 | 7.51 | 10.55 | 3.76 | 11.01 | 10.56 | 14.69 | — | — | |
| DSO | days | 46.52 | 40.74 | 43.72 | 46.01 | 48.63 | 39.46 | 43.16 | 56.67 | 47.21 | 59.37 | 81.19 | 52.08 | 48.59 | 34.60 | 96.95 | 33.16 | 34.55 | 24.85 | — | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.85
= 46.52
Hilton Grand Vacations Inc's Days Sales Outstanding (DSO) measures the average number of days it takes for the company to collect revenue after making a sale. Analyzing the DSO trend over the past eight quarters reveals fluctuations in the efficiency of the company's accounts receivable management.
In Q4 2023, the DSO increased to 46.52 days compared to the previous quarter, indicating a potential delay in collecting revenue from sales. However, when compared to the same quarter of the previous year, there has been an improvement as the DSO was lower in Q4 2023 (46.52 days) compared to Q4 2022 (50.25 days).
Q3 2023 had a DSO of 40.74 days, showing a decrease from the previous quarter and reflecting a more efficient collection process. This trend continued from Q2 2023 to Q3 2023, indicating improved accounts receivable management.
Q2 2023 experienced a slight increase in DSO to 43.72 days compared to the previous quarter, but it was still lower than the DSO in Q1 2023. This suggests a temporary slowdown in collecting revenue.
Q1 2023 had a DSO of 46.01 days, a slight increase from the previous quarter, highlighting a potential challenge in timely collections.
Comparing the DSO throughout 2022, there were fluctuations, with Q3 2022 having the lowest DSO (39.46 days) and Q1 2022 having the highest DSO (56.67 days). This suggests varying efficiency in managing accounts receivable.
Overall, understanding the trend in DSO can provide insights into Hilton Grand Vacations Inc's ability to manage its accounts receivable effectively and timely. Investors and stakeholders may monitor these fluctuations to assess the company's financial health and operational efficiency.