Skyline Corporation (SKY)
Days of sales outstanding (DSO)
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 35.20 | 31.09 | 29.95 | 31.25 | 40.97 | 36.62 | 46.41 | 38.68 | 58.07 | — | — | 24.35 | — | — | — | 24.67 | 30.80 | 26.42 | 29.25 | 29.93 | |
| DSO | days | 10.37 | 11.74 | 12.19 | 11.68 | 8.91 | 9.97 | 7.87 | 9.44 | 6.29 | — | — | 14.99 | — | — | — | 14.80 | 11.85 | 13.82 | 12.48 | 12.20 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 35.20
= 10.37
Based on the data provided for Skyline Corporation's days of sales outstanding (DSO) from March 31, 2020, to December 31, 2024, we observe fluctuations in the efficiency of the company in collecting its accounts receivable within a certain period.
The DSO was relatively stable during the first few quarters, ranging from around 11 to 14 days. However, a notable improvement was observed in December 31, 2022, with a significant decrease to 6.29 days, indicating a more efficient accounts receivable collection process.
Following this improvement, the DSO fluctuated in subsequent quarters, hovering around the double-digit range, suggesting that Skyline Corporation may have faced challenges in timely collecting payments from customers in certain periods.
Overall, analyzing the trend of DSO over time can provide valuable insights into the company's credit policies, collection processes, and liquidity management. Further investigation into the reasons behind the fluctuations in DSO could help identify potential areas for improvement in managing accounts receivable effectively.
Peer comparison
Dec 31, 2024