HNI Corp (HNI)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | — | 9.85 | 10.81 | 9.10 | 9.37 | |
| DSO | days | — | 37.05 | 33.75 | 40.10 | 38.96 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
The Days Sales Outstanding (DSO) ratio measures how long it takes for a company to collect its accounts receivable. Lower DSO values indicate that the company is collecting payments quicker, which is generally favorable.
For HNI Corp, the trend in DSO over the past few years has varied. In 2020, the DSO was 38.96 days, which increased slightly to 40.10 days in 2021. However, in 2022, there was a significant improvement as the DSO decreased to 33.75 days, indicating a more efficient collection of receivables. The DSO then increased slightly to 37.05 days in 2023.
Notably, for December 31, 2024, the data provided is not available ("- days"). It's essential for the company to ensure accurate data reporting for effective financial analysis.
Overall, the trend in HNI Corp's DSO indicates some fluctuation but also a general improvement in receivables management efficiency, especially in 2022. Monitoring and analyzing DSO trends can help assess the company's liquidity and collection efficiency over time.