ITT Inc (ITT)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 4.86 | 4.75 | 4.98 | 4.88 | 4.92 | |
| DSO | days | 75.07 | 76.82 | 73.28 | 74.76 | 74.17 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.86
= 75.07
Based on the data provided for ITT Inc's Days of Sales Outstanding (DSO) over the past five years, we observe a slight fluctuation in the company's efficiency in collecting accounts receivable.
In 2023, ITT Inc's DSO stands at 75.07 days, showing a slight improvement compared to the previous year's figure of 76.82 days. This indicates that the company took slightly fewer days to collect its accounts receivable in 2023, which could be a positive sign of improved efficiency in managing its receivables.
Looking at the trend over the past five years, ITT Inc's DSO has remained relatively stable, with fluctuations within a narrow range. This suggests that the company has maintained a consistent level of effectiveness in collecting payments from its customers over this period.
Overall, ITT Inc's DSO analysis indicates that the company has been managing its accounts receivable efficiently, with a trend of maintaining stability in this aspect of its operations.
Peer comparison
Dec 31, 2023