HNI Corp (HNI)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | — | — | — | 9.85 | — | — | — | 10.81 | — | — | — | 9.10 | — | — | — | 9.37 | — | — | — | 8.14 | |
| DSO | days | — | — | — | 37.05 | — | — | — | 33.75 | — | — | — | 40.10 | — | — | — | 38.96 | — | — | — | 44.86 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
To analyze the Days of Sales Outstanding (DSO) of HNI Corp based on the provided data, we observe the trend and specific values for each period:
1. December 31, 2019: DSO was calculated to be 44.86 days, indicating that on average, it took the company approximately 44.86 days to collect its accounts receivable.
2. December 31, 2020: The DSO decreased to 38.96 days from the previous period, showing an improvement in collections efficiency as the company was able to collect receivables faster.
3. December 31, 2021: DSO increased slightly to 40.10 days, suggesting a slight slowdown in receivables collections compared to the previous period.
4. December 31, 2022: DSO dropped significantly to 33.75 days, indicating a more efficient collection process and possibly improved credit policies.
5. December 31, 2023: The DSO increased to 37.05 days, signifying a slight delay in accounts receivable collections compared to the end of the previous year.
Overall, the trend in HNI Corp's DSO demonstrates fluctuations in the time it takes to collect accounts receivable, with some periods showing improvements in collections efficiency and others indicating a slight slowdown. It is important for the company to monitor and manage its DSO effectively to ensure timely cash flow generation and efficient working capital management.