Ingredion Incorporated (INGR)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 6.38 | 5.63 | 6.10 | 5.90 | 6.35 | |
| DSO | days | 57.21 | 64.81 | 59.83 | 61.85 | 57.52 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.38
= 57.21
The days of sales outstanding (DSO) for Ingredion Inc have fluctuated over the past five years, with a decreasing trend until 2021 followed by a slight increase in 2022 and a decrease again in 2023. In 2023, the DSO stands at 57.21 days, indicating that, on average, it takes approximately 57 days for the company to collect its accounts receivable. This can be seen as a positive trend as a decreasing DSO suggests that the company is collecting its receivables more efficiently. However, it is essential to monitor this metric closely to ensure that the trend continues and does not reverse in the future, as a higher DSO could indicate potential issues with the company's credit policies or the financial health of its customers.
Peer comparison
Dec 31, 2023