Skechers USA Inc (SKX)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 8.48 | 7.93 | 7.71 | 6.67 | 7.45 | |
| DSO | days | 43.02 | 46.01 | 47.33 | 54.73 | 48.98 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.48
= 43.02
The days of sales outstanding (DSO) for Skechers U S A, Inc. have shown a fluctuating trend over the past five years. In 2023, the DSO decreased to 43.00 days from 45.81 days in 2022. This indicates that the company is collecting its accounts receivable more efficiently compared to the previous year.
Looking back further, there was a gradual increase in DSO from 47.21 days in 2021 to 54.70 days in 2020, suggesting a potential inefficiency in collecting payments from customers during those years. However, this was followed by a significant improvement in 2023, bringing the DSO closer to the level seen in 2019 at 48.89 days.
Overall, the recent decrease in DSO reflects positively on Skechers U S A, Inc.'s ability to convert sales into cash quickly and efficiently. It indicates that the company is managing its receivables effectively, potentially through improved credit policies or better collection practices. Continued monitoring of DSO trends will be essential to evaluate the company's performance in managing its accounts receivable going forward.
Peer comparison
Dec 31, 2023