Robert Half International Inc (RHI)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 7.45 | 7.12 | 6.56 | 7.16 | 7.30 | |
| DSO | days | 48.97 | 51.29 | 55.62 | 51.01 | 50.00 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.45
= 48.97
Based on the historical trend of Robert Half Inc's days of sales outstanding (DSO) from 2019 to 2023, there has been some fluctuation in the DSO metric. The DSO was 50.04 days in 2019, increased to 51.02 days in 2020, decreased to 55.62 days in 2021, and then decreased further to 51.35 days in 2022. However, there was a notable improvement in 2023, with the DSO declining to 49.15 days.
Overall, the downward trend from 2021 to 2023 indicates that the company has been more efficient in collecting accounts receivable, which is a positive indicator of their cash flow management and liquidity. A lower DSO suggests that Robert Half Inc has been more effective in converting sales into cash, potentially improving their working capital position.
It is essential for the company to continue monitoring and managing their DSO closely to ensure timely collection of receivables and maintain a healthy cash conversion cycle.
Peer comparison
Dec 31, 2023