Standard Motor Products Inc (SMP)

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		16.85	13.07	12.42	12.91	16.20	11.89	11.85	11.93	14.37	10.07	10.42	11.59	9.96	8.11	10.07	11.90	14.98	12.05	11.23	11.35
DSO	days	21.66	27.94	29.39	28.26	22.53	30.70	30.81	30.60	25.40	36.26	35.04	31.50	36.65	45.00	36.25	30.67	24.36	30.29	32.51	32.15

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 16.85
= 21.66

The Days of Sales Outstanding (DSO) for Standard Motor Products, Inc. has shown some fluctuations over the past eight quarters. In Q4 2023, the DSO decreased to 43.07 days from 55.20 days in Q3 2023, which indicates that the company was able to collect its accounts receivable more efficiently in the most recent quarter. This improvement may suggest a strengthening of the company's credit and collection policies or an increase in the efficiency of its accounts receivable management.

Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), the DSO was slightly lower at 43.07 days versus 44.60 days, indicating a consistent performance in managing accounts receivable efficiency year over year.

Overall, while there have been fluctuations in the DSO over the quarters, it is essential for the company to monitor this metric closely to ensure timely collection of accounts receivable and manage liquidity effectively.