JM Smucker Company (SJM)
Days of sales outstanding (DSO)
| Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 11.10 | 10.39 | 13.98 | 14.30 | 14.26 | 15.64 | 13.44 | 13.33 | 15.37 | 14.12 | 12.12 | 14.10 | 15.16 | 13.61 | 14.02 | 16.05 | 14.05 | 15.83 | 14.41 | 15.92 | |
| DSO | days | 32.88 | 35.13 | 26.12 | 25.53 | 25.59 | 23.33 | 27.16 | 27.39 | 23.74 | 25.86 | 30.11 | 25.89 | 24.07 | 26.81 | 26.04 | 22.74 | 25.98 | 23.06 | 25.34 | 22.92 |
April 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 11.10
= 32.88
The Days of Sales Outstanding (DSO) for JM Smucker Company have shown some fluctuations over the past few quarters. In the most recent quarter ending April 30, 2024, the DSO was 32.88 days, indicating that on average, it takes the company approximately 32.88 days to collect its accounts receivable.
Comparing this to the previous quarters, the DSO was 35.13 days as of January 31, 2024, which indicates a slight improvement in collecting receivables more efficiently in the recent quarter. Looking further back, there was a noticeable decline in DSO from October 31, 2023, to January 31, 2023, potentially indicating a more effective credit and collections process during that period.
Overall, the trend in DSO for JM Smucker Company has shown some variability, but it seems that the company has generally been able to manage its accounts receivable collection effectively. However, it would be important to monitor this ratio going forward to ensure that any fluctuations do not indicate potential issues with receivables management.