MSA Safety (MSA)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.81 | 4.55 | 4.93 | 4.84 | 5.23 | |
| DSO | days | 62.80 | 80.27 | 74.04 | 75.39 | 69.81 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.81
= 62.80
The Days Sales Outstanding (DSO) for MSA Safety Inc has shown some fluctuation over the past five years. The trend indicates that the company has been able to improve its DSO in recent years. In 2019, the DSO was 69.81 days, which increased to 75.39 days in 2020 before declining to 71.80 days in 2021 and further to 76.14 days in 2022. However, in 2023, there was a significant improvement with the DSO decreasing to 62.80 days.
A lower DSO indicates that the company is collecting its accounts receivable more quickly, which can be a positive sign of efficient credit management and strong customer relationships. By contrast, a higher DSO may signal potential issues with collecting payments from customers in a timely manner.
Overall, the recent improvement in DSO for MSA Safety Inc suggests that the company may have implemented more effective collection practices or improved credit terms with its customers. Further monitoring of this metric will be necessary to assess the company's ongoing ability to manage its accounts receivable efficiently.
Peer comparison
Dec 31, 2023