SJW Corporation (SJW)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.54 | 5.62 | 5.60 | 5.88 | 5.31 | |
| DSO | days | 65.94 | 64.95 | 65.19 | 62.10 | 68.78 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.54
= 65.94
The days of sales outstanding (DSO) for SJW Group have shown some variability over the past five years. The trend indicates that the DSO has fluctuated within a relatively narrow range, with a slight increase in 2023 compared to the previous year.
In 2023, the DSO stood at 63.93 days, reflecting the average number of days it takes for the company to collect its accounts receivable. This suggests that SJW Group is able to efficiently convert its credit sales into cash, although there has been a slight increase in the collection period compared to prior years.
Overall, the DSO metric indicates that SJW Group has been effective in managing its accounts receivable and maintaining a reasonable collection period, which is important for its cash flow management and overall financial health. Further analysis and comparison with industry benchmarks could provide additional insights into the company's performance in this area.
Peer comparison
Dec 31, 2023