The Mosaic Company (MOS)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 10.79 | 11.25 | 8.07 | 9.85 | 11.08 | |
| DSO | days | 33.82 | 32.44 | 45.25 | 37.04 | 32.95 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 10.79
= 33.82
The days of sales outstanding (DSO) for Mosaic Company have shown fluctuations over the past five years. In 2023, the DSO stood at 41.00 days, showing an increase from the previous year's 36.06 days. This indicates that Mosaic Company took longer to collect its accounts receivable in 2023 compared to 2022.
Looking further back, in 2021, the DSO was 48.97 days, which was higher than both 2023 and 2022. However, in 2020 and 2019, the DSO figures were 44.67 days and 40.30 days, respectively, showing a decreasing trend in the number of days it took for Mosaic Company to collect its accounts receivable during those years.
Overall, Mosaic Company's DSO has fluctuated over the years, indicating variations in the company's efficiency in collecting its accounts receivable. The management may need to focus on improving their credit and collection policies to ensure timely collection of outstanding payments, which could positively impact the company's cash flow and liquidity position.
Peer comparison
Dec 31, 2023