Mueller Industries Inc (MLI)
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 | 9.74 | 8.72 | 8.03 | — | 10.50 | 9.23 | 6.81 | 6.83 | 8.08 | 7.15 | 5.74 | 5.81 | 6.66 | 7.03 | 8.18 | 7.78 | 8.93 | 7.59 | 7.78 | 7.95 | |
| DSO | days | 37.48 | 41.84 | 45.45 | — | 34.77 | 39.56 | 53.62 | 53.45 | 45.18 | 51.05 | 63.62 | 62.82 | 54.77 | 51.90 | 44.62 | 46.91 | 40.88 | 48.09 | 46.91 | 45.91 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.74
= 37.48
From the data provided, Mueller Industries Inc's Days Sales Outstanding (DSO) fluctuated over the past few quarters. DSO measures the average number of days it takes for a company to collect payment from its customers after a sale is made.
In the most recent quarter, as of December 31, 2023, the DSO was 37.48 days. This indicates that, on average, it took the company about 37.48 days to collect payments from customers for sales made during that period. This represents an improvement in collection efficiency compared to the previous quarter in September 30, 2023, where the DSO was 41.84 days.
Looking further back, Mueller Industries Inc's DSO has been generally stable over the past few years, with some fluctuations. The company experienced higher DSO in the mid to late 2022, reaching a peak of 63.62 days in June 30, 2021. Since then, there has been a noticeable improvement in collection efficiency, with DSO generally trending downward, indicating quicker collection of receivables.
Overall, the decreasing trend in DSO over the past few quarters suggests that Mueller Industries Inc has been more effective in managing its accounts receivable and collecting payments from customers in a timely manner. However, it is essential for the company to continue monitoring and optimizing its collections process to ensure efficient cash flow management and overall financial health.
Peer comparison
Dec 31, 2023