J & J Snack Foods Corp (JJSF)
Days of sales outstanding (DSO)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 8.32 | 7.63 | 8.84 | 9.36 | 7.87 | 6.97 | 7.41 | 7.55 | 6.63 | 5.14 | 6.64 | 7.52 | 7.02 | 6.94 | 7.00 | 8.66 | 8.07 | 9.28 | 8.86 | 9.10 | |
| DSO | days | 43.88 | 47.86 | 41.27 | 39.00 | 46.39 | 52.39 | 49.28 | 48.37 | 55.04 | 70.99 | 54.99 | 48.56 | 51.96 | 52.62 | 52.12 | 42.16 | 45.21 | 39.33 | 41.22 | 40.10 |
September 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.32
= 43.88
Days Sales Outstanding (DSO) is a key metric used to evaluate how efficient a company is in collecting its accounts receivable. It indicates the average number of days it takes for a company to collect revenue after a sale is made. A lower DSO is generally favorable as it indicates faster collection of receivables and better cash flow management.
Analyzing the DSO trend for J & J Snack Foods Corp over the past several quarters, we observe fluctuations in the metric. The DSO has ranged between a low of 39.00 days to a high of 70.99 days over the last five quarters.
In the most recent quarter ending September 30, 2024, the DSO stood at 43.88 days, representing a slight improvement from the previous quarter. This indicates that the company was able to collect its accounts receivable more efficiently during this period.
Overall, the trend in DSO for J & J Snack Foods Corp shows some variability but has generally been within a manageable range. Investors and stakeholders may want to monitor future DSO trends to ensure that the company continues to effectively manage its accounts receivable and maintain healthy cash flows.