Minerals Technologies Inc (MTX)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.28 | 5.14 | 4.95 | 4.22 | 4.64 | |
| DSO | days | 69.08 | 71.07 | 73.73 | 86.54 | 78.65 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.28
= 69.08
Minerals Technologies, Inc.'s days of sales outstanding (DSO) have shown a trend of improvement over the past five years. The company's DSO decreased from 76.67 days in 2019 to 67.13 days in 2023. This indicates that the company has been able to collect its accounts receivable more efficiently over the years, which is a positive sign of effective credit management or increased sales efficiency. A lower DSO implies that the company is collecting payments from customers more quickly, thereby improving cash flow and reducing the risk of bad debts. Overall, the decreasing trend in DSO for Minerals Technologies, Inc. suggests better working capital management and a potentially healthier financial position.
Peer comparison
Dec 31, 2023