Snap-On Inc (SNA)
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 | 3.39 | 3.39 | 3.36 | — | 3.38 | — | — | — | 3.45 | — | — | — | 3.07 | 3.02 | 3.22 | 3.22 | 3.07 | 3.34 | 3.35 | 3.38 | |
| DSO | days | 107.62 | 107.79 | 108.67 | — | 108.07 | — | — | — | 105.89 | — | — | — | 118.83 | 121.01 | 113.19 | 113.35 | 118.93 | 109.42 | 109.11 | 108.01 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.39
= 107.62
The Days Sales Outstanding (DSO) for Snap-On Inc has shown some fluctuation over the past several quarters. The DSO figures have ranged from 105.89 days to 121.01 days during the period analyzed.
In recent quarters, the DSO has been relatively stable, hovering around the 108 to 109-day range, indicating that on average, it takes Snap-On Inc approximately 108 to 109 days to collect its accounts receivable. This suggests that the company may have an efficient accounts receivable management system in place.
The DSO figure for the most recent quarter (Dec 31, 2023) was 107.62 days, slightly lower than the previous quarter's figure of 107.79 days, indicating a slight improvement in the company's ability to collect outstanding receivables.
Overall, while the DSO figures have shown some variability, the recent trend suggests that Snap-On Inc has been managing its accounts receivable effectively, maintaining a reasonable level of efficiency in collecting payments from customers.
Peer comparison
Dec 31, 2023