The Marzetti Company (MZTI)
Days of sales outstanding (DSO)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 19.92 | 17.65 | 19.16 | 18.49 | 19.59 | 18.25 | 18.64 | 15.48 | 15.85 | 13.95 | 13.86 | 12.55 | 12.37 | 14.61 | 14.92 | 13.93 | 14.99 | 14.33 | 15.61 | 13.88 | |
| DSO | days | 18.32 | 20.67 | 19.05 | 19.74 | 18.63 | 19.99 | 19.59 | 23.58 | 23.02 | 26.17 | 26.34 | 29.08 | 29.50 | 24.97 | 24.46 | 26.20 | 24.36 | 25.48 | 23.38 | 26.29 |
June 30, 2025 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 19.92
= 18.32
The analysis of The Marzetti Company's days of sales outstanding (DSO) over the period from September 2020 through June 2025 reveals a general pattern of moderate fluctuations within a relatively narrow range, indicating a generally consistent approach to receivables management.
Initially, the DSO hovered around 26.29 days in September 2020, decreasing to a low of 23.38 days by December 2020. This decline persisted into March 2021, with values averaging approximately 25.48 days, reflecting improved collection efficiency during that period. Throughout 2021, the DSO fluctuated modestly, maintaining levels near 24 to 26 days, with a slight upward trend observed towards September 2021 at 26.20 days, followed by a marginal decrease to 24.46 days by December 2021.
In 2022, the DSO remained relatively stable initially, staying close to 25 days, but experienced an increase reaching 29.50 days by June 2022. This upward movement persisted into the third quarter of 2022, registering around 29.08 days in September, indicating a potential slowdown in receivable collections. However, a reduction occurred by the end of 2022, with the DSO declining to 26.34 days in December.
The first half of 2023 demonstrated a stabilized trend with DSO figures around 26 days, before experiencing a notable decrease to approximately 23.02 days in June 2023. This reduction persisted into September 2023 at 23.58 days, suggesting an improvement in the receivables turnover ratio. Continuing this trend, the DSO further decreased to 19.59 days in December 2023 and hovered around 20 days through March 2024, indicating more rapid collections during this period.
In 2024, the DSO values remained low and relatively stable, with the second quarter reaching 18.63 days and the third quarter at 19.74 days. Notably, by September 2024, the DSO was approximately 19.05 days, reflecting efficient receivables management. The first half of 2025 maintained this trend, with DSO figures oscillating around 18 to 21 days, with a slight increase to 20.67 days in March 2025.
Overall, The Marzetti Company's DSO trend indicates periods of fluctuation, with a notable decrease toward the end of the observed period, moving from the mid-20s to below 20 days. This progression suggests an improvement in collection practices or credit policies over time, resulting in quicker turnover of receivables in recent periods.
Peer comparison
Jun 30, 2025