HNI Corp (HNI)
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 | 9.85 | — | — | — | 10.81 | — | — | — | 9.10 | — | — | — | 9.37 | — | — | — | 8.14 | 8.17 | 8.99 | 9.89 | |
| DSO | days | 37.05 | — | — | — | 33.75 | — | — | — | 40.10 | — | — | — | 38.96 | — | — | — | 44.86 | 44.68 | 40.61 | 36.89 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.85
= 37.05
The Days Sales Outstanding (DSO) ratio for HNI Corp has shown some fluctuations over the past few quarters. DSO measures the average number of days a company takes to collect revenue after a sale has been made.
Based on the data provided, we can see that the DSO was 37.05 days as of December 31, 2023. This represents the number of days it took on average for the company to collect its accounts receivable for that period.
It is important to note that there are missing data points in the table, which may indicate incomplete information or reporting practices.
The trend in the DSO ratio shows variability with values ranging from 33.75 days to 44.86 days over the past few quarters. A lower DSO indicates that the company is collecting payments more quickly, which could be a positive sign of efficient accounts receivable management. Conversely, a higher DSO may suggest potential issues with customer payments or credit policies.
Further analysis would be necessary to assess the reasons behind the fluctuations in the DSO ratio and how it compares to industry benchmarks or historical performance of HNI Corp.