Insteel Industries Inc (IIIN)
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 | 8.87 | 8.67 | 10.09 | 13.03 | 10.24 | 10.58 | — | 11.89 | 10.12 | — | — | — | 8.70 | — | — | — | — | — | — | — | |
| DSO | days | 41.15 | 42.12 | 36.19 | 28.01 | 35.66 | 34.48 | — | 30.69 | 36.07 | — | — | — | 41.97 | — | — | — | — | — | — | — |
September 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.87
= 41.15
The Days of Sales Outstanding (DSO) for Insteel Industries Inc over the past several quarters can provide insight into the company's collection efficiency and liquidity. The DSO measures how long it takes for a company to collect payment after making a sale.
Based on the data provided, we observe fluctuations in the DSO metric over the quarters. In the most recent quarter, as of September 30, 2024, the company's DSO stands at 41.15 days, indicating that, on average, it takes around 41 days for Insteel Industries Inc to collect payment for its sales. This represents an increase compared to the previous quarter's DSO of 42.12 days, suggesting a slight deterioration in the collection process.
Looking back further, we see variations in DSO figures over time, with some quarters showing improvements in collection efficiency (e.g., 28.01 days on December 31, 2023) and others showing extended collection periods (e.g., 41.97 days on June 30, 2021). The absence of DSO data for certain quarters indicates either unavailability or possible fluctuations in the recording of sales and receivables during those periods.
In analyzing Insteel Industries Inc's DSO trend, it is important for stakeholders to monitor changes in the metric to assess the effectiveness of the company's credit and collection policies. An increasing DSO may suggest potential issues with accounts receivable management and liquidity, while a decreasing DSO could indicate improved efficiency in collecting payments from customers.
Peer comparison
Sep 30, 2024