Huntington Ingalls Industries Inc (HII)
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 | 17.79 | 12.63 | 11.24 | 12.41 | 13.25 | 11.70 | 12.67 | 11.67 | 14.83 | 14.40 | 16.40 | 17.36 | 16.48 | 13.76 | 14.92 | 17.27 | 19.10 | 17.76 | 15.16 | 22.35 | |
| DSO | days | 20.52 | 28.90 | 32.48 | 29.41 | 27.56 | 31.20 | 28.80 | 31.29 | 24.60 | 25.35 | 22.25 | 21.02 | 22.15 | 26.52 | 24.47 | 21.14 | 19.11 | 20.55 | 24.08 | 16.33 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 17.79
= 20.52
The Days Sales Outstanding (DSO) ratio for Huntington Ingalls Industries Inc has exhibited some fluctuation over the past eight quarters. In Q4 2023, the company's DSO stood at 20.52 days, indicating a relatively efficient collection of accounts receivable compared to previous quarters. This represents a significant improvement from Q3 2023, where the DSO was 28.90 days.
However, it is worth noting that the DSO had been relatively higher in Q2 2023 and Q1 2023 at 32.48 days and 29.41 days, respectively. The DSO values in these periods suggest a longer time taken by the company to collect outstanding receivables, which could potentially impact its cash flow and liquidity.
Comparing the most recent DSO with the same period in the previous year, there is a noticeable improvement as Q4 2022 had a DSO of 27.56 days. This indicates that Huntington Ingalls Industries Inc managed to collect its receivables more efficiently in the current quarter as compared to the corresponding period last year.
Overall, the trend in DSO for Huntington Ingalls Industries Inc reflects variability in its accounts receivable collection efficiency, with periods of improvement and others where collection times are longer. Investors and analysts may want to monitor this ratio closely to assess the company's effectiveness in managing its receivables and cash flow.
Peer comparison
Dec 31, 2023