Minerals Technologies Inc (MTX)
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 | 5.32 | 5.05 | 5.01 | — | 5.14 | — | — | — | 4.95 | — | — | — | — | — | — | — | — | — | — | — | |
| DSO | days | 68.62 | 72.34 | 72.89 | — | 71.07 | — | — | — | 73.73 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.32
= 68.62
To analyze Minerals Technologies, Inc.'s days of sales outstanding (DSO) trend, we can observe that the DSO has fluctuated over the past eight quarters. In Q4 2023, the DSO decreased to 67.13 days from 70.92 days in Q3 2023. This improvement indicates that the company is collecting its accounts receivable more efficiently.
Comparing Q4 2023 to the same period in the previous year, Q4 2022, there was a slight decrease in DSO from 69.38 days to 67.13 days, suggesting a positive trend in managing receivables.
Looking at the trend over the last four quarters, the DSO has shown a general decreasing pattern, which is favorable as it indicates that the company is collecting payments from customers more quickly. However, it is important to note that there were some fluctuations in the DSO over this period.
Overall, the DSO trend for Minerals Technologies, Inc. shows some variability but with recent improvements in collection efficiency. Continuous monitoring of this metric will be crucial to ensure that the company maintains a healthy cash flow position.
Peer comparison
Dec 31, 2023