Skyline Corporation (SKY)
Days of sales outstanding (DSO)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | — | 34.79 | 30.71 | 29.47 | 30.63 | 40.69 | 36.35 | 46.28 | 38.73 | 57.94 | 32.73 | 18.84 | 24.38 | 43.67 | 25.51 | 27.38 | 24.72 | 30.84 | 26.46 | 29.28 | |
| DSO | days | — | 10.49 | 11.89 | 12.38 | 11.91 | 8.97 | 10.04 | 7.89 | 9.42 | 6.30 | 11.15 | 19.37 | 14.97 | 8.36 | 14.31 | 13.33 | 14.77 | 11.84 | 13.79 | 12.47 |
March 31, 2025 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
Days Sales Outstanding (DSO) is a key metric used to evaluate how efficiently a company is collecting its accounts receivable. It indicates the average number of days it takes for a company to collect payment after a sale has been made. A lower DSO is usually preferable as it suggests that the company is collecting payments quickly.
Analyzing the DSO trend for Skyline Corporation over the period from June 30, 2020, to March 31, 2025, reveals fluctuations and trends in the company's accounts receivable collection efficiency. The DSO figures ranged from a low of 6.30 days on December 31, 2022, to a high of 19.37 days on June 30, 2022.
In the initial periods, the DSO fluctuated within a relatively narrow range, indicating stable accounts receivable collection practices. However, there was a noticeable increase in DSO in the later periods, pointing towards potential issues with collecting payments efficiently.
It is essential for Skyline Corporation to closely monitor and manage its accounts receivable collection process to ensure timely payments from customers. A rising DSO could signal potential cash flow challenges or customer credit issues that need to be addressed promptly. Maintaining an optimal balance between sales growth and efficient accounts receivable management is crucial for the company's financial health.
Peer comparison
Mar 31, 2025