Heidrick & Struggles International (HSII)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 8.31 | 7.82 | 6.70 | 5.91 | 5.84 | |
| DSO | days | 43.95 | 46.67 | 54.48 | 61.78 | 62.50 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.31
= 43.95
The Days of Sales Outstanding (DSO) for Heidrick & Struggles International have shown a positive trend over the past five years. The DSO decreased from 62.50 days as of December 31, 2020, to 43.95 days as of December 31, 2024. This indicates that the company has been able to collect its accounts receivable more efficiently over the period.
The decreasing trend in DSO implies that Heidrick & Struggles International has been able to convert its accounts receivable into cash more quickly, which is a positive signal for the company's liquidity and overall financial health. A lower DSO suggests that the company is managing its credit and collection processes effectively, which can lead to improved cash flows and working capital management.
Overall, the declining trend in DSO for Heidrick & Struggles International indicates an improvement in the company's ability to manage its accounts receivable and convert them into cash, reflecting positively on its operational efficiency and financial performance.
Peer comparison
Dec 31, 2024