Performance Food Group Co (PFGC)
Days of sales outstanding (DSO)
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 23.37 | 21.66 | 18.56 | 17.64 | 16.03 | |
| DSO | days | 15.62 | 16.85 | 19.67 | 20.69 | 22.76 |
June 30, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 23.37
= 15.62
Performance Food Group Co has shown a decreasing trend in its Days of Sales Outstanding (DSO) over the past five years, indicating an improvement in the management of accounts receivable. The company experienced a DSO of 15.62 days as of June 30, 2023, compared to 16.85 days in the previous year. This trend suggests that the company has been successful in collecting its accounts receivable more efficiently, converting sales into cash more quickly. By reducing DSO, Performance Food Group Co is able to enhance its cash flow and working capital management, which can positively impact its overall financial health and liquidity position.
Peer comparison
Jun 30, 2023