Lindsay Corporation (LNN)
Days of sales outstanding (DSO)
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 5.21 | 4.61 | 4.20 | 4.61 | 4.66 | 4.52 | 4.47 | 4.97 | 5.58 | 4.72 | 5.06 | 5.59 | 6.06 | 5.04 | 5.35 | 6.32 | 5.61 | 5.28 | 5.54 | 5.57 | |
| DSO | days | 70.11 | 79.26 | 86.99 | 79.20 | 78.39 | 80.72 | 81.62 | 73.45 | 65.45 | 77.31 | 72.10 | 65.35 | 60.19 | 72.48 | 68.29 | 57.71 | 65.05 | 69.17 | 65.84 | 65.57 |
August 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.21
= 70.11
Based on the data provided, Lindsay Corporation's Days of Sales Outstanding (DSO) has exhibited some fluctuations over the past several periods. DSO measures how long it takes for a company to collect its accounts receivable.
The trend of Lindsay Corporation's DSO shows some variability. In recent periods, the DSO has ranged between 57.71 days to 86.99 days. The highest DSO was recorded in February 2024 at 86.99 days, indicating a relatively longer time taken to collect receivables. In contrast, the lowest DSO was observed in February 2021 at 57.71 days, implying a quicker collection period.
Overall, the average DSO over the periods appears to be around 70 days. It is important to note that a high DSO may suggest inefficiencies in the company's accounts receivable management, potentially leading to cash flow issues. Conversely, a low DSO may indicate effective credit and collection policies.
Further analysis of trends and comparison with industry benchmarks would provide deeper insights into Lindsay Corporation's efficiency in managing its accounts receivable and collecting revenues.
Peer comparison
Aug 31, 2024