Jacobs Solutions Inc. (J)
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 | 4.53 | 4.58 | 4.47 | 4.43 | 4.47 | 4.40 | 4.49 | 4.42 | 4.78 | 4.59 | 4.37 | 4.17 | 4.07 | 4.21 | 4.20 | 4.10 | 4.26 | 4.46 | 4.83 | 5.25 | |
| DSO | days | 80.62 | 79.76 | 81.59 | 82.38 | 81.72 | 82.94 | 81.23 | 82.67 | 76.37 | 79.49 | 83.48 | 87.63 | 89.67 | 86.72 | 86.91 | 89.06 | 85.71 | 81.86 | 75.62 | 69.54 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.53
= 80.62
The days of sales outstanding (DSO) for Jacobs Solutions Inc. have shown a fluctuating trend over the past few years. The DSO measures the average number of days it takes for the company to collect payment after making a sale.
In the most recent period, as of December 31, 2023, the DSO stands at 80.62 days, which indicates that on average, it takes the company about 80.62 days to collect payments from its customers. This figure has remained relatively consistent over the past few quarters, with minor fluctuations between 79.76 days to 82.94 days.
Analyzing the historical trend, the DSO was at its lowest point at 69.54 days as of June 30, 2019, and reached its highest level at 89.67 days as of March 31, 2021. The company seems to have made improvements in collecting payments efficiently since then, as the DSO has generally been trending downwards.
Overall, the DSO trend suggests that Jacobs Solutions Inc. has been managing its accounts receivable effectively, with efforts to reduce the time it takes to collect payments. However, it is important for the company to continue monitoring this metric to ensure optimal cash flow and efficient working capital management.
Peer comparison
Dec 31, 2023