J & J Snack Foods Corp (JJSF)
Days of sales outstanding (DSO)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 8.32 | 7.87 | 6.63 | 7.02 | 8.07 | |
| DSO | days | 43.86 | 46.39 | 55.04 | 51.96 | 45.21 |
September 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.32
= 43.86
The Days of Sales Outstanding (DSO) ratio for J & J Snack Foods Corp has shown varying trends over the past five years. In the most recent fiscal year ending on September 30, 2024, the company reported a DSO of 43.86 days, indicating that on average, it takes approximately 43.86 days for the company to collect its accounts receivable. This represents an improvement from the previous year, where the DSO was 46.39 days.
Comparing further back, the DSO in fiscal years 2022, 2021, and 2020 were 55.04 days, 51.96 days, and 45.21 days, respectively. These figures demonstrate that the company's collection period has fluctuated over the years, with some periods exhibiting longer collection times compared to others. Overall, a lower DSO is generally considered favorable as it signifies a quicker collection of receivables, which can improve cash flow and liquidity for the company.
Therefore, based on the historical trend of DSO for J & J Snack Foods Corp, the company has experienced fluctuations in its collection efficiency, with a notable improvement in the most recent fiscal year, indicating potential enhancements in its accounts receivable management practices.