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