Ingredion Incorporated (INGR)
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 | 6.38 | 5.96 | 6.01 | 5.63 | 5.63 | 5.49 | 5.34 | 5.02 | 6.11 | 5.98 | 5.69 | 5.91 | 5.92 | 6.51 | 6.85 | 6.01 | 6.00 | 5.85 | 5.65 | 5.72 | |
| DSO | days | 57.21 | 61.23 | 60.69 | 64.84 | 64.81 | 66.53 | 68.36 | 72.67 | 59.70 | 61.02 | 64.15 | 61.76 | 61.64 | 56.07 | 53.28 | 60.76 | 60.85 | 62.41 | 64.66 | 63.84 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.38
= 57.21
Days Sales Outstanding (DSO) measures how long it takes a company to collect payment from its customers after making a sale. A lower DSO indicates that the company is efficient in collecting its accounts receivable, while a higher DSO may suggest potential issues with collecting payments in a timely manner.
Looking at the DSO trend of Ingredion Inc over the past eight quarters, we can observe a fluctuating pattern. In the most recent quarter, Q4 2023, the DSO stood at 57.21 days, showing an improvement from the previous quarter and signaling a more efficient collection of receivables.
Comparing the DSO in Q4 2023 to the same period a year ago in Q4 2022, we see a noticeable decrease, indicating a positive trend in the company's receivables management.
Overall, the trend in Ingredion's DSO over the past year shows some variability, but the recent decrease in the DSO is a positive indication of improved collections and potentially better cash flow management. It will be essential to monitor future DSO figures to assess the company's ability to maintain efficient accounts receivable practices.
Peer comparison
Dec 31, 2023