Callaway Golf Company (MODG)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 19.80 | 21.03 | 24.43 | 11.15 | 11.01 | |
| DSO | days | 18.44 | 17.36 | 14.94 | 32.74 | 33.15 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 19.80
= 18.44
The Days of Sales Outstanding (DSO) for Topgolf Callaway Brands Corp have fluctuated over the past five years.
In 2019, the DSO was 32.27 days, indicating that, on average, it took the company around 32 days to collect its accounts receivable. This figure decreased significantly to 31.95 days in 2020 but increased again to 18.18 days in 2021, suggesting that the company improved its accounts receivable collection process significantly that year.
In 2022, the DSO decreased further to 20.52 days, showing continued efficiency in collecting receivables. However, in 2023, it increased to 26.94 days, which could signal a slight slowdown in the collection process compared to the previous year.
Overall, while the DSO has shown some variability over the years, the general trend indicates improvements in accounts receivable collection efficiency, with occasional fluctuations possibly influenced by factors such as changes in customer payment behavior or the company's credit policies.
Peer comparison
Dec 31, 2023