Leslies Inc (LESL)
Days of sales outstanding (DSO)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | ||
|---|---|---|---|---|
| Receivables turnover | 39.26 | 30.73 | 29.88 | |
| DSO | days | 9.30 | 11.88 | 12.21 |
September 30, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 39.26
= 9.30
Leslies Inc's days of sales outstanding (DSO) has experienced a favorable trend over the past three years. In Sep 30, 2023, the DSO decreased to 9.30 days from 11.88 days in Sep 30, 2022 and 12.21 days in Sep 30, 2021. This indicates that the company is collecting its accounts receivable more efficiently, as it is taking fewer days to collect outstanding sales. A lower DSO figure suggests improved liquidity and cash flow management for Leslies Inc. Overall, the declining trend in DSO reflects positively on the company's credit and collection procedures.
Peer comparison
Sep 30, 2023
Company name
Symbol
DSO
Leslies Inc
LESL
9.30
IAC Inc.
IAC
44.87
Match Group Inc
MTCH
32.40
Sally Beauty Holdings Inc
SBH
3.31
Ulta Beauty Inc
ULTA
6.77