Matthews International Corporation (MATW)
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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 8.72 | 9.49 | 9.72 | 8.70 | 9.06 | 9.87 | 8.36 | 8.00 | 7.97 | 8.41 | 7.84 | 5.49 | 5.39 | 5.50 | 5.34 | 4.98 | 5.08 | 5.50 | 5.13 | 4.88 | |
| DSO | days | 41.87 | 38.47 | 37.55 | 41.98 | 40.27 | 36.99 | 43.64 | 45.62 | 45.77 | 43.43 | 46.55 | 66.52 | 67.67 | 66.38 | 68.38 | 73.34 | 71.91 | 66.37 | 71.14 | 74.74 |
September 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.72
= 41.87
The days of sales outstanding (DSO) for Matthews International Corporation have shown fluctuations over the past several quarters. DSO measures the average number of days it takes for a company to collect revenue after a sale is made. A lower DSO indicates a more efficient collection process, while a higher DSO suggests slower collections.
Looking at the trend, we observe that DSO has fluctuated between 36.99 days to 45.77 days in recent quarters, with occasional spikes seen in December 2021 and September 2021, where DSO reached 66.52 days and 67.67 days, respectively. These spikes could indicate challenges in collecting sales revenue promptly during those periods.
Overall, it appears that Matthews International Corporation has generally maintained a reasonable DSO level, indicating a relatively efficient collection process. However, the company may need to focus on managing collections effectively during quarters where DSO spikes occur to optimize cash flow and working capital management.