Steven Madden Ltd (SHOO)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | — | 8.55 | 5.11 | 4.76 | 8.26 | |
| DSO | days | — | 42.70 | 71.39 | 76.74 | 44.21 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
To analyze Steven Madden Ltd.'s Days of Sales Outstanding (DSO) over the past five years, we observe a fluctuating trend in the company's collection efficiency.
In 2019, the DSO was 52.01 days, indicating that on average, it took Steven Madden Ltd. approximately 52 days to collect its accounts receivable. This was followed by a decrease in DSO to 84.34 days in 2020, suggesting a deterioration in the company's collections performance.
However, there was a significant improvement in 2021, with DSO decreasing to 76.58 days, reflecting a more efficient collection period compared to the previous year. Subsequently, in 2022, the DSO further decreased to 49.22 days, signaling a commendable effort in speeding up the collection of accounts receivable.
The most recent data for 2023 shows the DSO at 66.49 days, which is higher than the previous year but still lower compared to 2020 and 2021. This increase may indicate a potential slowdown in collections efficiency compared to the prior year.
Overall, the DSO trend for Steven Madden Ltd. suggests some variability in the company's ability to collect outstanding receivables efficiently over the past five years, with fluctuations reflecting changes in the efficiency of the company's credit management and collection processes.
Peer comparison
Dec 31, 2023