Leggett & Platt Incorporated (LEG)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 6.65 | 8.54 | 8.28 | 7.68 | 8.13 | |
| DSO | days | 54.92 | 42.72 | 44.08 | 47.52 | 44.89 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.65
= 54.92
The days of sales outstanding (DSO) for Leggett & Platt, Inc. have shown a slight increase over the past five years. In December 2023, the DSO stood at 49.23 days, up from 47.87 days in December 2022. This indicates that it took, on average, 49.23 days for the company to collect its accounts receivable from customers in 2023. The trend suggests a moderate increase in the collection period over the years, signifying potentially slower collections or changes in customer payment patterns. While a rising DSO could indicate credit or collection issues, it's essential to consider industry norms and company-specific factors before drawing concrete conclusions about Leggett & Platt's financial performance.
Peer comparison
Dec 31, 2023