Kelly Services A Inc (KELYA)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		4.17	3.32	3.45	3.56	4.18
DSO	days	87.63	110.01	105.89	102.47	87.39

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.17
= 87.63

To analyze Kelly Services, Inc.'s days of sales outstanding (DSO) over the past five years, we observe a trend of fluctuation:

- On December 31, 2023, the DSO was 87.60 days, representing an improvement compared to the prior year.
- On January 1, 2023, the DSO increased to 109.65 days, marking a significant deterioration from the previous year.
- On January 2, 2022, the DSO decreased slightly to 105.80 days compared to the previous year.
- On January 3, 2021, the DSO was 102.26 days, showing a slight increase year over year.
- On December 29, 2019, the DSO was 87.39 days, relatively similar to the most recent measurement.

Overall, the DSO metric for Kelly Services, Inc. has shown variability over the past five years, with the company experiencing fluctuations in the time taken to collect accounts receivable. It is essential for the company to closely monitor and manage its DSO to ensure efficient cash flow management and timely collection of outstanding receivables, which could impact the company's liquidity and overall financial health.