Knight Transportation Inc (KNX)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		7.48	8.17	6.56	8.00	8.97
DSO	days	48.78	44.68	55.63	45.64	40.67

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.48
= 48.78

To analyze Knight-Swift Transportation Holdings Inc's days of sales outstanding (DSO) over the past five years, we observe the figures as follows:

- The DSO for Knight-Swift Transportation Holdings Inc has shown fluctuations over the period from 2019 to 2023.
- In 2019, the DSO was 40.36 days, indicating that on average, the company collected its accounts receivable in approximately 40 days.
- Subsequently, the DSO increased to 45.40 days in 2020, suggesting a slight delay in collecting receivables compared to the prior year.
- In 2021, there was a further increase in DSO to 55.51 days, reflecting a prolonged collection period for accounts receivable.
- However, in 2022, the DSO decreased to 44.28 days, indicating an improvement in the company's collection efficiency compared to the previous year.
- The most recent data for 2023 shows a DSO of 48.78 days, which is higher than the previous year but lower than in 2021.

Overall, Knight-Swift Transportation Holdings Inc's DSO has experienced variability in recent years, with fluctuations indicating changes in the company's accounts receivable collection efficiency. Further analysis and comparison with industry benchmarks may provide additional insights into the company's credit and collection policies and practices.