Silgan Holdings Inc (SLGN)
Days of sales outstanding (DSO)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 9.70 | 4.58 | 5.73 | 6.68 | 9.55 | 5.58 | 6.40 | 6.76 | 7.83 | 5.18 | 5.82 | 6.84 | 7.86 | 5.45 | 6.28 | 7.48 | 8.89 | 6.00 | 6.75 | 7.48 | |
| DSO | days | 37.63 | 79.65 | 63.68 | 54.63 | 38.22 | 65.40 | 57.03 | 53.97 | 46.64 | 70.43 | 62.67 | 53.37 | 46.46 | 66.98 | 58.16 | 48.80 | 41.05 | 60.78 | 54.10 | 48.78 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.70
= 37.63
To analyze Silgan Holdings Inc.'s Days Sales Outstanding (DSO), we calculate the average DSO for each quarter to identify trends in the collection of accounts receivable.
In Q4 2023, the DSO stood at 36.54 days, showing a substantial improvement from the previous quarter's 77.50 days. This indicates that the company was able to collect its outstanding sales revenue more efficiently during the period.
Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), where the DSO was 37.46 days, we observe a slight decrease, suggesting a stable performance in managing receivables over the two periods.
Looking at the trend over the past eight quarters, we see fluctuations in DSO figures, with some quarters showing longer collection periods and others demonstrating improved efficiency in accounts receivable management. It is crucial for Silgan Holdings Inc. to continue monitoring and optimizing its collection processes to maintain a healthy balance between sales growth and effective cash flow management.
Peer comparison
Dec 31, 2023