Leslies Inc (LESL)
Days of sales outstanding (DSO)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 25.80 | 24.22 | 34.21 | 50.94 | 39.26 | 25.79 | 23.18 | 30.18 | 30.73 | 29.20 | 30.14 | 31.05 | 29.88 | ||||
| DSO | days | 14.15 | 15.07 | 10.67 | 7.17 | 9.30 | 14.15 | 15.75 | 12.09 | 11.88 | 12.50 | 12.11 | 11.75 | 12.21 |
September 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 25.80
= 14.15
Leslies Inc's days of sales outstanding (DSO) have exhibited some variation over the past years. DSO is a measure of how long it takes for the company to collect its accounts receivable from customers.
From Dec 31, 2020, to Mar 31, 2022, Leslies Inc experienced an increasing trend in DSO, with the metric peaking at 15.75 days on Mar 31, 2023. This could indicate potential issues with collections efficiency or changes in customer payment behavior during this period.
However, from Mar 31, 2023, to Sep 30, 2024, there was a noticeable improvement in DSO, with the metric declining to as low as 7.17 days on Dec 31, 2023. This represents a positive trend as lower DSO values typically suggest that the company is able to collect payments from customers more quickly.
Overall, Leslies Inc should continue to closely monitor its DSO to ensure it remains at an optimal level, balancing efficient collections with maintaining strong customer relationships.
Peer comparison
Sep 30, 2024