Procter & Gamble Company (PG)

The Days of Sales Outstanding (DSO) for Procter & Gamble (P&G) has exhibited relative stability over the analyzed period, with fluctuations within a narrow range. At the end of September 2020, the DSO was approximately 25.40 days, indicating that, on average, it took the company just over 25 days to collect receivables. This figure decreased marginally to 23.78 days by the end of December 2020 and remained relatively consistent through March 2021 at approximately 23.70 days, demonstrating a slight improvement in receivables collection efficiency.

During the period extending through June 2021, the DSO further declined to about 22.66 days, reflecting a potential operational efficiency or more favorable terms with customers. However, starting from September 2021, the DSO increased again, reaching approximately 26.79 days, before gradually declining to roughly 24.42 days by the end of December 2021. This fluctuation suggests variability in collection processes or customer payment cycles during that timeframe.

In 2022, the DSO generally hovered around the mid-24 to mid-26 days range, with values such as 25.27 days in March 2022, 23.41 days in June 2022, and 25.95 days in September 2022, culminating at 26.22 days in December 2022. The incremental increase indicates a slight deterioration in receivables collection over the year.

The trend continued into 2023, with the DSO averaging around 24.66 days in March, 24.35 days in June, before rising again to 27.24 days in September, and reaching 27.54 days by year-end, signaling a moderate elongation in the collection period. This upward movement in DSO may be attributable to changes in customer payment behavior, credit policies, or operational adjustments.

In the subsequent years, the DSO maintained a relatively narrow band: approximately 26.59 days in March 2024, slightly decreasing to 26.57 days in June, before increasing again to roughly 27.47 days in September 2024, and ending the period at 26.98 days in December 2024. The values for March 2025 and June 2025 remained stable at around 26.70 and 26.78 days respectively, indicating a consolidation of collection cycles around the 27-day mark.

Overall, the DSO for P&G has demonstrated minor fluctuations within a consistent range of approximately 22.66 to 27.54 days over the observed timeframe. These variations suggest that the company’s receivables management has been relatively stable, with a slight tendency toward lengthening periods of collection in recent years, which could reflect strategic changes in credit terms, customer base shifts, or macroeconomic factors affecting payment behaviors.