MillerKnoll Inc (MLKN)

Days of Sales Outstanding (DSO) is a measure of how long it takes for a company to collect its accounts receivable. A lower DSO indicates that the company is collecting payments more quickly, which can be a sign of good financial health and efficient operations. On the other hand, a higher DSO may indicate that the company is facing challenges in collecting payments from customers, which could lead to cash flow issues and potential bad debts.

Analyzing the DSO of MillerKnoll Inc over the past five years, we can see a fluctuating trend.

In 2019, the DSO was 35.87 days, which indicates that MillerKnoll took approximately 35.87 days to collect its accounts receivable. The following year, in 2020, the DSO decreased to 29.28 days, indicating that the company was able to collect payments more quickly.

In 2021, the DSO increased slightly to 32.74 days, before decreasing further to 32.46 days in 2023.

Overall, the trend in the DSO of MillerKnoll Inc fluctuated over the past five years, with some variability in the efficiency of accounts receivable collection. It is important to further investigate the reasons behind these fluctuations to identify any underlying issues or improvements in the company's credit policies, customer payment behaviors, or internal collection processes.

As an analyst, it would be beneficial to compare these DSO figures with industry benchmarks or with the company's competitors to gain a better understanding of MillerKnoll Inc's performance in managing its accounts receivable. Additionally, qualitative information about the company's customer base, industry dynamics, and any changes in credit terms could provide valuable insights into the fluctuations in DSO.