SpartanNash Co (SPTN)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 23.06 | 23.87 | 24.69 | 26.14 | 24.72 | |
| DSO | days | 15.83 | 15.29 | 14.78 | 13.96 | 14.77 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 23.06
= 15.83
SpartanNash Co's Days of Sales Outstanding (DSO) has shown a consistent upward trend over the past five years. The DSO increased from 14.77 days in 2019 to 15.83 days in 2023, indicating that the company is taking longer to collect its accounts receivable. This trend suggests potential challenges in managing the company's credit policies or customers' payment behaviors. However, the DSO levels are relatively low, which could indicate efficient credit and collections processes. It is essential for SpartanNash Co to closely monitor and evaluate its DSO over time to ensure effective cash flow management and timely collection of receivables.
Peer comparison
Dec 31, 2023