MSA Safety (MSA)

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		5.81	5.27	5.01	5.21	4.55	5.11	4.81	5.11	4.93	5.05	4.90	4.92	4.84	5.24	5.23	4.98	5.23	5.06	4.88	4.90
DSO	days	62.80	69.28	72.86	70.06	80.27	71.40	75.84	71.46	74.04	72.29	74.45	74.17	75.39	69.69	69.77	73.28	69.81	72.11	74.76	74.47

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.81
= 62.80

To analyze MSA Safety Inc's Days of Sales Outstanding (DSO) over the past eight quarters, we observe fluctuations in the number of days it takes for the company to collect its accounts receivable.

In Q4 2023, the DSO decreased to 62.80 days compared to the previous quarter, indicating that the company improved its efficiency in collecting receivables. However, it is important to note that the DSO was higher in Q3 and Q2 2023 compared to Q1 2023.

Looking back at Q4 2022, the DSO was 76.14 days, which was considerably higher compared to the most recent quarter. Over the past year, MSA's DSO has fluctuated, showing a mix of improvement and deterioration in the management of receivables.

Overall, MSA Safety Inc should aim to maintain a consistent and preferably lower DSO to ensure prompt collection of accounts receivable and optimize cash flow management. Tracking this ratio over time can provide insights into the company's effectiveness in managing its credit policies and collections process.