Hershey Co (HSY)
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 | 13.36 | 9.82 | 14.06 | — | 14.51 | — | — | — | 13.30 | — | — | — | — | — | — | — | — | — | — | — | |
| DSO | days | 27.32 | 37.18 | 25.96 | — | 25.16 | — | — | — | 27.43 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 13.36
= 27.32
The Days Sales Outstanding (DSO) for Hershey Company has fluctuated over the past eight quarters. In Q4 2023, the DSO was 26.93 days, showing an improvement from Q3 2023 when it was 36.88 days. This indicates that Hershey Company was able to collect its accounts receivable more efficiently in Q4 2023. Compared to the same quarter in the previous year (Q4 2022), there has been a slight increase from 24.91 days to 26.93 days.
Overall, Hershey Company experienced variations in DSO over the given period, with some quarters showing better collection efficiency than others. It is essential for the company to monitor DSO closely to ensure timely collection of outstanding receivables and maintain healthy cash flow management.
Peer comparison
Dec 31, 2023
See also:
Hershey Co Average Receivable Collection Period (Quarterly Data)