Quaker Chemical Corporation (KWR)

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 4.23 4.24 4.18 3.93 3.98 4.04 3.93 3.88 4.04 3.87 3.81 3.50 3.71 4.13 4.53 3.60 2.99 2.55 4.02 4.15
DSO days 86.27 86.10 87.30 92.85 91.76 90.36 92.96 94.06 90.32 94.28 95.87 104.16 98.31 88.44 80.55 101.51 121.91 143.06 90.69 88.04

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.23
= 86.27

Quaker Houghton's Days of Sales Outstanding (DSO) have shown a slight fluctuation over the past eight quarters. The DSO ranged from a low of 82.68 days in Q3 2023 to a high of 92.68 days in Q1 2022. Generally, the company's DSO has been hovering between 82 to 92 days, indicating that on average, it takes the company about one to three months to collect its accounts receivable.

The decreasing trend in DSO from Q1 2023 to Q3 2023 suggests that the company has been able to collect its accounts receivable more efficiently during these quarters. However, the slight increase in DSO in Q4 2023 may indicate a potential slowdown in collections or changes in customer payment patterns. It is essential for Quaker Houghton to monitor and manage its DSO effectively to ensure timely collection of receivables and maintain healthy cash flows.


Peer comparison

Dec 31, 2023

Company name
Symbol
DSO
Quaker Chemical Corporation
KWR
86.27
Valvoline Inc
VVV
20.57