Insteel Industries Inc (IIIN)

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 13.03 10.24 10.58 11.89 10.12 8.70
DSO days 28.01 35.66 34.48 30.69 36.07 41.97

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 13.03
= 28.01

The Days of Sales Outstanding (DSO) for Insteel Industries Inc has shown some fluctuations over the past few quarters. In the most recent quarter, the DSO was 28.01 days, indicating that on average it took the company 28.01 days to collect its accounts receivable. This is an improvement from the DSO of 35.66 days in the previous quarter, indicating more efficient collection practices.

Looking back, the DSO was 34.48 days two quarters ago and 30.69 days in the same quarter last year. The trend in DSO suggests that the company has been relatively effective in managing its accounts receivable turnover over the past year.

It is worth noting that there are some gaps in the data where DSO figures are not available for certain quarters, which may hinder a complete trend analysis. Overall, a lower DSO is favorable as it signifies quicker collection of receivables, contributing to healthier cash flows and liquidity for the company.


Peer comparison

Dec 31, 2023