Knight Transportation Inc (KNX)

Days of sales outstanding (DSO)

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Receivables turnover		7.48	6.74	9.36	8.71	8.17	7.82	7.12	7.02	6.56	6.22	7.40	8.17	8.00	8.08	8.63	8.82	8.97	8.98	8.82	9.44
DSO	days	48.78	54.14	38.98	41.88	44.68	46.67	51.25	51.96	55.63	58.66	49.34	44.67	45.64	45.16	42.32	41.40	40.67	40.65	41.38	38.68

December 31, 2023 calculation

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

Knight-Swift Transportation Holdings Inc's Days of Sales Outstanding (DSO) has fluctuated over the past eight quarters. The DSO was lowest in Q2 2023 at 38.98 days, indicating the company collected its accounts receivable more efficiently during that period. However, in Q3 2023 and Q4 2023, the DSO increased to 54.14 days and 48.78 days, respectively, suggesting a slower collection of receivables during those quarters. The DSO in the previous quarters generally ranged between 41.88 days to 51.96 days, showing some variability in the company's ability to collect payments from customers. Overall, monitoring the trends in DSO can provide insights into Knight-Swift Transportation Holdings Inc's efficiency in managing its accounts receivable and cash flow.