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