PulteGroup Inc (PHM)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | — | — | — | — | 1,647.26 | |
| DSO | days | — | — | — | — | 0.22 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
PulteGroup Inc's days of sales outstanding (DSO) has shown a decreasing trend over the past five years. The DSO decreased from 8.95 days in 2019 to 5.37 days in 2023, indicating an improvement in the company's efficiency in collecting revenue from its sales. This suggests that PulteGroup is managing its accounts receivable more effectively, resulting in faster conversion of sales into cash. The decreasing trend in DSO reflects positively on the company's liquidity and working capital management. Overall, the declining DSO trend indicates that PulteGroup Inc has been successful in streamlining its receivables process and optimizing its cash flow over the years.
Peer comparison
Dec 31, 2023