Mueller Industries Inc (MLI)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 9.75 | 10.49 | 8.08 | 6.62 | 8.91 | |
| DSO | days | 37.45 | 34.80 | 45.16 | 55.14 | 40.95 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.75
= 37.45
The Days Sales Outstanding (DSO) of Mueller Industries Inc has fluctuated over the past five years. The trend indicates that the company has been able to collect its accounts receivable more efficiently in recent years.
In 2023, the DSO decreased to 37.45 days from 34.80 days in 2022, indicating that the company collected its receivables more quickly. This suggests effective credit and collection management practices.
Comparing to 2021 and 2020 where the DSO stood at 45.16 days and 55.14 days respectively, the significant improvement reflects a positive change in the company's ability to convert credit sales into cash.
Despite the improvements, the DSO in 2019 was lower at 40.95 days compared to 2023, indicating some volatility in the collection period. It is important for Mueller Industries Inc to continue monitoring and managing its DSO to ensure timely collection of accounts receivable and maintain a healthy cash flow position.
Peer comparison
Dec 31, 2023