ITT Inc (ITT)
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 | 4.86 | 4.79 | 4.58 | 4.57 | 4.75 | 4.61 | 4.68 | 4.54 | 4.98 | 4.98 | 4.86 | 4.60 | 4.88 | 5.08 | 5.63 | 4.90 | 4.92 | 4.89 | 4.62 | 4.72 | |
| DSO | days | 75.07 | 76.20 | 79.62 | 79.92 | 76.82 | 79.20 | 78.00 | 80.48 | 73.28 | 73.34 | 75.10 | 79.35 | 74.76 | 71.91 | 64.80 | 74.43 | 74.17 | 74.71 | 78.94 | 77.30 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.86
= 75.07
Over the past eight quarters, ITT Inc's Days Sales Outstanding (DSO) has shown some fluctuations. In Q4 2023, the DSO was 75.07 days, which showed a slight improvement compared to the previous quarter's 76.20 days. This indicates that the company is collecting its accounts receivable more efficiently in Q4 2023.
Compared to the same quarter of the previous year, Q4 2022, when the DSO was 76.82 days, there has been a noticeable improvement. This suggests that ITT Inc has made progress in managing its receivables.
Overall, the trend in DSO over the past eight quarters has been somewhat volatile, with fluctuations ranging from 75.07 days to 80.48 days. It is important for ITT Inc to monitor and manage its DSO effectively to ensure the timely collection of accounts receivable and maintain healthy cash flow levels.
Peer comparison
Dec 31, 2023