Leggett & Platt Incorporated (LEG)

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 6.70 6.24 6.50 7.93 8.54 7.32 7.44 7.53 8.28 7.12 6.90 7.35 7.68 6.69 7.50 8.28 8.13 6.68 6.34 6.61
DSO days 54.48 58.48 56.17 46.04 42.72 49.86 49.09 48.47 44.08 51.24 52.87 49.64 47.52 54.60 48.69 44.09 44.89 54.67 57.54 55.19

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.70
= 54.48

The days of sales outstanding (DSO) for Leggett & Platt, Inc. have shown some fluctuations over the past eight quarters. In Q4 2023, DSO was 49.23 days, slightly lower compared to the previous quarter, indicating that the company is collecting its accounts receivable more efficiently. This trend is positive as it suggests that the company is managing its credit sales or receivables effectively.

Looking back at the trend over the past two years, it is evident that there have been variations in DSO figures. However, the DSO has generally been within a relatively narrow range, suggesting consistent performance in managing accounts receivable.

Furthermore, comparing Q4 2023 to the same quarter in the previous year, there has been a modest increase in DSO from 47.87 days to 49.23 days. This uptick may indicate a slight delay in collecting payments from customers compared to the previous year.

Overall, while there have been fluctuations, the DSO trend for Leggett & Platt, Inc. appears stable and reflective of effective accounts receivable management practices.


Peer comparison

Dec 31, 2023

Company name
Symbol
DSO
Leggett & Platt Incorporated
LEG
54.48
La-Z-Boy Incorporated
LZB
24.82
Tempur Sealy International Inc
TPX
33.81