Performance Food Group Co (PFGC)
Days of sales outstanding (DSO)
| Sep 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 23.10 | 23.67 | 24.41 | 23.85 | 23.37 | — | 25.02 | — | 21.66 | — | — | — | — | — | — | — | — | — | — | — | |
| DSO | days | 15.80 | 15.42 | 14.95 | 15.31 | 15.62 | — | 14.59 | — | 16.85 | — | — | — | — | — | — | — | — | — | — | — |
September 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 23.10
= 15.80
Performance Food Group Co's days of sales outstanding (DSO) has shown slight fluctuations over the past few quarters. DSO measures the average number of days it takes for the company to collect payments from its customers after making a sale.
In the most recent quarter, as of September 30, 2024, the DSO stood at 15.80 days, indicating that, on average, it took the company approximately 15.80 days to collect payments from customers. Comparing this to the previous quarter's DSO of 15.42 days, there has been a slight increase, suggesting a potential delay in collecting payments.
Looking further back, the DSO has ranged from 14.59 days to 16.85 days over the past few quarters, with overall consistency in the range. A lower DSO indicates that the company is collecting payments more quickly, which can be a positive sign of efficient accounts receivable management.
It is important for Performance Food Group Co to closely monitor its DSO and strive to keep it at an optimal level to ensure timely cash inflows and healthy liquidity. Additionally, trend analysis of DSO can provide insights into the company's credit and collection policies, as well as the overall efficiency of its accounts receivable management.
Peer comparison
Sep 30, 2024