MarineMax Inc (HZO)
Days of sales outstanding (DSO)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 22.35 | 23.39 | 19.95 | 25.52 | 27.45 | 24.59 | 19.70 | 34.20 | 44.79 | 36.11 | 35.51 | 53.83 | 42.10 | 33.22 | 33.62 | 36.75 | 36.36 | 20.42 | 36.42 | 35.98 | |
| DSO | days | 16.33 | 15.60 | 18.30 | 14.30 | 13.30 | 14.84 | 18.52 | 10.67 | 8.15 | 10.11 | 10.28 | 6.78 | 8.67 | 10.99 | 10.86 | 9.93 | 10.04 | 17.87 | 10.02 | 10.15 |
September 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 22.35
= 16.33
MarineMax Inc's Days of Sales Outstanding (DSO) is a measure of how many days, on average, it takes the company to collect payment after making a sale. A lower DSO indicates that the company is efficient in collecting its accounts receivable, while a higher DSO suggests that the company may be facing challenges in collecting payments promptly.
From the data provided, we can observe fluctuations in MarineMax Inc's DSO over the past few quarters. The DSO has ranged from as low as 6.78 days to as high as 18.52 days. This variability indicates that the company's accounts receivable collection process may be inconsistent.
Analyzing the trend, we see that MarineMax Inc's DSO has shown a general pattern of reduction over the past few quarters, indicating an improvement in the company's efficiency in collecting payments. The DSO decreased from 17.87 days in Dec 2019 to 16.33 days in Sep 2024. This decrease suggests that the company has been successful in managing its accounts receivable more effectively.
Overall, MarineMax Inc's DSO trend reflects a positive trajectory towards quicker collection of accounts receivable, which can lead to improved cash flow and working capital management for the company. However, continued monitoring and analysis of DSO are essential to ensure consistent and efficient collections processes in the future.
Peer comparison
Sep 30, 2024