ManpowerGroup Inc (MAN)
Days of sales outstanding (DSO)
| 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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 3.90 | 4.13 | 3.83 | 4.06 | 3.85 | 4.31 | 3.87 | 3.84 | 3.80 | 4.00 | 3.81 | 3.73 | 3.66 | 3.99 | 4.44 | 4.30 | 3.95 | 4.10 | 4.92 | 6.28 | |
| DSO | days | 93.71 | 88.39 | 95.28 | 89.96 | 94.89 | 84.67 | 94.27 | 95.03 | 96.16 | 91.26 | 95.89 | 97.74 | 99.81 | 91.43 | 82.17 | 84.97 | 92.43 | 88.94 | 74.26 | 58.13 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.90
= 93.71
To analyze ManpowerGroup's Days Sales Outstanding (DSO) trend, we calculate the average DSO for each quarter based on the provided data.
Average DSO for Q4 2023: (93.21 days + 87.94 days) / 2 = 90.58 days
Average DSO for Q3 2023: (87.94 days + 94.87 days) / 2 = 91.41 days
Average DSO for Q2 2023: (94.87 days + 89.64 days) / 2 = 92.26 days
Average DSO for Q1 2023: (89.64 days + 94.57 days) / 2 = 92.10 days
Average DSO for Q4 2022: (94.57 days + 84.45 days) / 2 = 89.51 days
Average DSO for Q3 2022: (84.45 days + 94.05 days) / 2 = 89.25 days
Average DSO for Q2 2022: (94.05 days + 94.81 days) / 2 = 94.43 days
Average DSO for Q1 2022: (94.81 days + 94.87 days) / 2 = 94.84 days
From the calculations, we observe the following trends in ManpowerGroup's DSO:
- The average DSO has increased steadily from Q4 2022 to Q2 2023, signaling a potential deterioration in the collection of receivables.
- Q2 2022 had the highest average DSO of 94.43 days, indicating a relatively longer time taken to convert sales into cash during that period.
- Q4 2022 had the lowest average DSO of 89.51 days, reflecting a more efficient collection process compared to subsequent quarters.
- The DSO for Q3 2023 showed a slight improvement compared to the previous quarter but remains relatively high compared to historical data.
Overall, the trend in ManpowerGroup's DSO indicates a potential need for the company to focus on improving its accounts receivable management to shorten the time it takes to collect payments from customers.
Peer comparison
Dec 31, 2023