Packaging Corp of America (PKG)
Days of sales outstanding (DSO)
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 7.44 | 7.42 | 7.75 | 7.96 | 7.83 | 7.42 | 6.74 | 6.85 | 6.94 | 6.77 | 7.13 | 7.33 | 7.85 | 7.61 | 8.06 | 7.79 | 7.89 | 7.33 | 7.29 | 9.44 | |
| DSO | days | 49.07 | 49.21 | 47.07 | 45.83 | 46.59 | 49.17 | 54.12 | 53.28 | 52.62 | 53.91 | 51.22 | 49.81 | 46.51 | 47.97 | 45.30 | 46.82 | 46.28 | 49.79 | 50.05 | 38.65 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.44
= 49.07
Packaging Corp Of America's Days of Sales Outstanding (DSO) has shown a trend of improvement over the past two quarters. In Q4 2023, the DSO decreased to 48.53 days from 48.64 days in Q3 2023, indicating that the company is collecting its accounts receivable more efficiently. Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), there is a slight decrease in DSO from 45.96 days to 48.53 days, reflecting a positive trend in managing receivables.
Analyzing the DSO over multiple quarters, we observe fluctuations in the metric, with occasional increases followed by decreases. Overall, the company's DSO has remained relatively stable, hovering around the mid to high 40s range in recent quarters. It is essential for Packaging Corp Of America to monitor this metric closely to ensure timely collection of receivables and maintain healthy cash flow levels.
Peer comparison
Dec 31, 2023