Heidrick & Struggles International (HSII)
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 | 7.82 | 5.40 | 5.12 | 6.50 | 6.70 | 4.97 | 4.46 | 4.84 | 5.91 | 4.17 | 3.85 | 4.33 | 5.84 | 4.69 | 4.67 | 4.47 | 5.34 | 4.08 | 4.15 | 4.57 | |
| DSO | days | 46.67 | 67.63 | 71.32 | 56.18 | 54.48 | 73.40 | 81.87 | 75.47 | 61.78 | 87.44 | 94.80 | 84.36 | 62.50 | 77.87 | 78.11 | 81.65 | 68.33 | 89.50 | 88.01 | 79.83 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.82
= 46.67
The Days of Sales Outstanding (DSO) for Heidrick & Struggles International, Inc. have fluctuated over the past eight quarters. In Q4 2023, the DSO was 50.32 days, indicating that on average it took the company approximately 50 days to collect payments from customers. This represents an improvement from the previous quarter, Q3 2023, where the DSO was 71.48 days, suggesting a quicker turnaround in collecting receivables.
Looking back further, in Q2 and Q3 2023, the DSO figures were higher at 74.34 days and 62.95 days respectively, highlighting potential challenges the company faced in collecting payments during those periods. However, prior to that, in Q1 2023, the DSO decreased to 58.70 days, reflecting a better efficiency in accounts receivable management compared to the preceding quarters.
Comparing the recent DSO figures with those from the same quarter in the previous year, there has been improvement as in Q4 2022, the DSO was 46.28 days, indicating a slightly longer collection period than in Q4 2023, but still lower than the majority of the previous quarters. This suggests that overall, the company has made progress in collecting payments from customers more efficiently over the past year.
In analyzing Heidrick & Struggles International, Inc.'s DSO, it is important to recognize the trends over time and evaluate the effectiveness of the company's credit and collection policies. The decreasing DSO trend in recent quarters is a positive indication of improved cash flow management and liquidity. Continued monitoring of DSO will be essential to ensure that the company maintains a healthy balance between extending credit to customers and promptly collecting payments.
Peer comparison
Dec 31, 2023