Hubbell Inc (HUBB)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 7.44 | 6.79 | 6.60 | 6.10 | 7.46 | |
| DSO | days | 49.08 | 53.75 | 55.30 | 59.82 | 48.95 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.44
= 49.08
The days of sales outstanding (DSO) for Hubbell Inc have shown some fluctuations over the past five years. Starting at 48.95 days on December 31, 2020, the DSO increased to 59.82 days by December 31, 2021, indicating a longer period for the company to collect its accounts receivable.
There was a slight decrease in DSO to 55.30 days by December 31, 2022, followed by a further reduction to 53.75 days by December 31, 2023. This trend suggests an improvement in the efficiency of Hubbell Inc in managing its accounts receivable and collecting payments from its customers in a timelier manner.
As of December 31, 2024, the DSO stood at 49.08 days, which is closer to the initial DSO figure in 2020. Overall, the company has demonstrated a mix of fluctuations and improvements in its DSO over the five-year period, indicating varying levels of effectiveness in managing its credit sales and collections processes.
Peer comparison
Dec 31, 2024