Sonos Inc (SONO)
Days of sales outstanding (DSO)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 34.17 | 24.59 | 17.20 | 17.03 | 24.11 | |
| DSO | days | 10.68 | 14.84 | 21.22 | 21.43 | 15.14 |
September 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 34.17
= 10.68
The Days Sales Outstanding (DSO) metric for Sonos Inc has shown fluctuating trends over the past five years.
In the most recent fiscal year ending September 30, 2024, the DSO decreased significantly to 10.68 days, reflecting a more efficient collection of accounts receivable compared to the previous years.
In the prior fiscal year ending September 30, 2023, the DSO was higher at 14.84 days, indicating a slower collection cycle than in 2024.
Looking further back, the DSO was 21.22 days in September 30, 2022, and 21.43 days in September 30, 2021, suggesting a longer time taken to collect receivables during those years.
In September 30, 2020, the DSO was 15.14 days, which was lower than in 2022 and 2021 but higher than the most recent two years.
Overall, the decreasing trend in DSO over the past two years is a positive sign of improved efficiency in collecting accounts receivable, potentially indicating better credit management or a stronger customer base. Monitoring DSO can provide insights into the company's liquidity, collection practices, and overall financial health.
Peer comparison
Sep 30, 2024