LCI Industries (LCII)

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		17.63	11.34	13.40	13.33	24.30	16.45	13.33	9.06	13.99	10.24	8.86	7.74	10.41	8.23	8.66	8.68	11.86	12.61	16.51	13.47
DSO	days	20.71	32.19	27.23	27.38	15.02	22.19	27.38	40.28	26.10	35.65	41.18	47.17	35.07	44.37	42.12	42.05	30.78	28.93	22.11	27.09

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 17.63
= 20.71

To analyze LCI Industries' Days Sales Outstanding (DSO) over the last eight quarters, we observe the trend in DSO to assess the efficiency of the company in collecting its accounts receivable.

In Q4 2023, the DSO stood at 20.71 days, showing a significant improvement compared to the previous quarter's DSO of 32.19 days in Q3 2023. This decrease indicates that the company's collections from customers were more efficient in the most recent quarter.

Looking further back, there was a noticeable increase in DSO from Q1 2023 to Q2 2023, with the DSO rising from 27.38 days to 27.23 days. However, this was followed by a decrease in DSO in Q3 2023.

Comparing the latest quarter's DSO to the same quarter in the previous year, we see that there has been an improvement from Q4 2022, where the DSO was 15.02 days. This suggests that the company has become more efficient in collecting its accounts receivable compared to the same period last year.

Analyzing the overall trend in DSO for LCI Industries, there have been fluctuations in the DSO over the past eight quarters. While there have been periods of increasing DSO, the latest quarter's DSO indicates a positive trend towards quicker collection of accounts receivable. Monitoring this metric closely will be essential to ensure continued efficiency in the company's operations.