Gibraltar Industries Inc (ROCK)
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 | 6.14 | 5.32 | 5.12 | 5.93 | 6.40 | 5.12 | 5.04 | 5.57 | 5.67 | 4.87 | 5.32 | 5.53 | 5.22 | 4.88 | 4.95 | 5.37 | 6.09 | 4.65 | 5.16 | 5.83 | |
| DSO | days | 59.49 | 68.67 | 71.35 | 61.52 | 57.02 | 71.34 | 72.44 | 65.49 | 64.41 | 74.87 | 68.65 | 65.94 | 69.99 | 74.77 | 73.81 | 67.94 | 59.94 | 78.48 | 70.74 | 62.64 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.14
= 59.49
To analyze Gibraltar Industries Inc.'s days of sales outstanding (DSO) trend based on the provided data, we calculate the average DSO for each quarter:
Q4 2023 DSO: 59.49 days
Q3 2023 DSO: 68.67 days
Q2 2023 DSO: 71.35 days
Q1 2023 DSO: 61.52 days
Q4 2022 DSO: 57.02 days
Q3 2022 DSO: 71.34 days
Q2 2022 DSO: 72.44 days
Q1 2022 DSO: 65.49 days
Average DSO for 2023: (59.49 + 68.67 + 71.35 + 61.52) / 4 = 65.26 days
Average DSO for 2022: (57.02 + 71.34 + 72.44 + 65.49) / 4 = 66.82 days
The trend in DSO for Gibraltar Industries Inc. shows a slight improvement in 2023 compared to 2022, with the average DSO decreasing from 66.82 days in 2022 to 65.26 days in 2023. This suggests that the company is managing its accounts receivable more efficiently, converting sales into cash at a slightly faster pace. However, it is important to monitor DSO over time to ensure continued effectiveness in managing credit and collections processes.
Peer comparison
Dec 31, 2023