Jack In The Box Inc (JACK)
Days of sales outstanding (DSO)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 16.98 | 14.14 | 15.39 | 13.03 | 21.00 | |
| DSO | days | 21.50 | 25.81 | 23.72 | 28.02 | 17.38 |
September 30, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 16.98
= 21.50
The days of sales outstanding (DSO) for Jack In The Box Inc have fluctuated over the past five years. In 2023, the DSO stands at 21.50 days, showing an improvement from 2022 when it was 25.81 days. This indicates that the company is collecting its accounts receivable more efficiently in 2023.
Compared to 2021 (23.72 days) and 2020 (28.02 days), the DSO has also decreased, suggesting a trend towards quicker collection of receivables in recent years. However, it is worth noting that the DSO in 2019 was lower at 17.38 days, indicating that the company may have previously been more effective in collecting outstanding sales.
Overall, the decreasing trend in DSO over the past three years is a positive sign of effective accounts receivable management by Jack In The Box Inc, although there is a slight rebound in 2023 compared to 2019. Monitoring the DSO ratio can help assess the company's efficiency in collecting payments from customers and managing its working capital effectively.
Peer comparison
Sep 30, 2023