Lennox International Inc (LII)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 8.08 | 8.38 | 7.75 | 8.25 | 8.11 | |
| DSO | days | 45.18 | 43.56 | 47.07 | 44.24 | 45.03 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.08
= 45.18
The Days Sales Outstanding (DSO) for Lennox International Inc has shown fluctuating trends over the past five years. In December 2020, the DSO was 45.03 days, and it improved slightly to 44.24 days by December 2021. However, there was a slight increase to 47.07 days by December 2022 before decreasing to 43.56 days by December 2023. In the most recent period ending December 31, 2024, the DSO increased slightly to 45.18 days.
Overall, the company has managed to keep its DSO within a relatively stable range around the mid-40s days level. This indicates that Lennox International Inc has been successful in efficiently managing its accounts receivable and collecting payments from customers within a reasonable timeframe. However, there may be room for improvement to further optimize the collection process and enhance liquidity.
Peer comparison
Dec 31, 2024