Skyline Corporation (SKY)
Days of sales outstanding (DSO)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 31.25 | 38.67 | 24.34 | 24.66 | 29.84 | |
| DSO | days | 11.68 | 9.44 | 15.00 | 14.80 | 12.23 |
March 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 31.25
= 11.68
Based on the provided data, Skyline Corporation's days of sales outstanding (DSO) have shown some fluctuation over the past five years.
In March 2020, the DSO was 12.23 days, indicating that on average, it took the company approximately 12 days to collect its accounts receivable.
By March 2021, the DSO had increased to 14.80 days, suggesting a potential slowdown in collections compared to the previous year.
The trend continued in March 2022, with the DSO rising to 15.00 days, indicating further delays in collecting payments from customers.
However, there was a notable improvement by March 2023, as the DSO decreased to 9.44 days, which may signal a more efficient accounts receivable management process.
As of March 2024, the DSO slightly increased to 11.68 days, but still remained lower compared to the previous two years.
Overall, Skyline Corporation's DSO trend indicates fluctuations in the efficiency of its accounts receivable collection process over the past five years, with some improvements in recent years but still room for optimization.
Peer comparison
Mar 31, 2024