Macy’s Inc (M)
Days of sales outstanding (DSO)
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 81.45 | 82.73 | 83.63 | 98.26 | 84.83 | 125.09 | 115.54 | 107.47 | 81.13 | 105.02 | 94.68 | 92.26 | 62.77 | 102.52 | 110.02 | 130.81 | 60.52 | 142.83 | 105.21 | 106.82 | |
| DSO | days | 4.48 | 4.41 | 4.36 | 3.71 | 4.30 | 2.92 | 3.16 | 3.40 | 4.50 | 3.48 | 3.85 | 3.96 | 5.81 | 3.56 | 3.32 | 2.79 | 6.03 | 2.56 | 3.47 | 3.42 |
February 3, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 81.45
= 4.48
The Days of Sales Outstanding (DSO) is a key financial ratio that measures the average number of days a company takes to collect revenue after a sale is made. A lower DSO indicates that a company is collecting payments faster, which is a positive indicator of efficient accounts receivable management.
Analyzing Macy’s Inc DSO over time, we observe fluctuations in the values:
- The DSO ranged from 2.56 days to 6.03 days from May 2019 to Feb 2024.
- The lowest DSO of 2.56 days in Feb 2020 suggests efficient collection of sales revenue.
- The highest DSO of 6.03 days in Feb 2020 indicates a longer period for sales collection.
- Overall, Macy’s Inc has displayed relatively consistent DSO values, with the majority falling between 3 to 5 days.
- A notable decrease in DSO was seen in Oct 2022, with a value of 2.92 days, indicating improved efficiency in collecting revenues.
In conclusion, the trend in Macy’s Inc DSO values reflects the company's ability to manage its accounts receivable effectively. Maintaining lower DSO values over time suggests efficient and timely collection of sales proceeds, contributing positively to the company's overall financial health and operational performance.
Peer comparison
Feb 3, 2024