Intuit Inc (INTU)

Days of sales outstanding (DSO)

		Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019
Receivables turnover		30.44	3,952.75	119.73	866.65	33.11	6,967.00	202.90	12.79	12.14	17.27	10.09	19.77	14.75	15.91	12.48	61.20	38.20	30.48	10.88	36.49
DSO	days	11.99	0.09	3.05	0.42	11.03	0.05	1.80	28.55	30.06	21.14	36.17	18.46	24.74	22.94	29.26	5.96	9.55	11.98	33.54	10.00

July 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 30.44
= 11.99

The Days Sales Outstanding (DSO) for Intuit Inc has shown fluctuations over the past several periods. DSO represents the average number of days it takes for a company to collect revenue after a sale is made.

Analyzing the trend, we observe that there were significant spikes in DSO in October 2022, reaching 30.06 days, and January 2022, reaching 36.17 days. These elevated DSO figures suggest that the company took longer to collect its receivables during those periods, potentially indicating issues with efficient credit management or collection processes.

On the other hand, there were periods with very low DSO, such as in April 2020 and October 2020, where DSO was 5.96 days and 10.00 days respectively. These low DSO figures indicate that Intuit Inc was efficient in collecting its receivables during those periods, reflecting strong working capital management.

Overall, fluctuations in DSO can be influenced by factors such as changes in credit policies, economic conditions, or customer payment behavior. It is essential for Intuit Inc to monitor and manage its DSO effectively to ensure timely collection of receivables and maintain healthy cash flows.