Harley-Davidson Inc (HOG)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 21.84 | 22.82 | 3.24 | 2.45 | 2.12 | |
| DSO | days | 16.71 | 16.00 | 112.70 | 148.78 | 172.35 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 21.84
= 16.71
The days of sales outstanding (DSO) for Harley-Davidson, Inc. have fluctuated over the past five years. In 2023, the DSO was 16.71 days, slightly higher than the previous year's DSO of 16.00 days. This indicates that, on average, it takes Harley-Davidson approximately 16.71 days to collect its accounts receivable.
Comparing to 2021 and 2020 when the DSO was 12.46 days and 12.88 days respectively, there has been an increase in the DSO in the most recent years. This could suggest a potential slowdown in collecting payments from customers.
In contrast, in 2019, the DSO was higher at 17.65 days, indicating an improvement in collections efficiency compared to the more recent years.
Overall, fluctuations in the DSO of Harley-Davidson, Inc. in the past five years may indicate variations in the company's credit policies, customer payment behavior, or potential changes in the industry environment that affect the timing of receivables collections. Additional analysis and trend monitoring would be beneficial to understand the underlying factors influencing these changes in days of sales outstanding.
Peer comparison
Dec 31, 2023