MarineMax Inc (HZO)
Days of sales outstanding (DSO)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 22.35 | 27.45 | 44.79 | 42.10 | 36.36 | |
| DSO | days | 16.33 | 13.30 | 8.15 | 8.67 | 10.04 |
September 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 22.35
= 16.33
Days Sales Outstanding (DSO) measures how efficiently a company collects its accounts receivable. A lower DSO indicates faster collection of payments from customers. MarineMax Inc's DSO has fluctuated over the past five years. In 2024, the DSO increased to 16.33 days from 13.30 days in 2023. This suggests that MarineMax took longer to collect payments from customers in 2024 compared to the previous year, which may indicate issues with accounts receivable management or changes in customer payment behavior.
Comparing 2024 to 2022 and 2021, MarineMax's DSO has significantly increased, indicating potential challenges in collecting payments efficiently. However, the DSO in 2024 is still lower than in 2020. This suggests an improvement in the collection of accounts receivable compared to 2020, but a regression from the lower DSO levels seen in 2022 and 2023.
Overall, MarineMax Inc should closely monitor its DSO trend and take steps to improve accounts receivable management to ensure timely collection of payments and maintain healthy cash flows.
Peer comparison
Sep 30, 2024