SPX Corp (SPXC)
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 | 6.12 | 5.53 | 5.75 | — | 5.54 | — | — | — | 5.25 | — | — | — | — | — | — | — | — | — | — | — | |
| DSO | days | 59.66 | 65.98 | 63.52 | — | 65.83 | — | — | — | 69.47 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.12
= 59.66
The Days of Sales Outstanding (DSO) for SPX Corp have shown variability with the most recent available data points. The DSO figure was 59.66 days as of December 31, 2023, indicating the average number of days it takes for the company to collect its accounts receivable. Comparing this to the prior reported DSO of 65.98 days on September 30, 2023, there appears to have been an improvement in collecting receivables more quickly.
It is important to note the absence of DSO figures for specific quarters, such as March 31, 2023, and several previous periods. Analysis of trendlines or patterns over time may require additional data points to provide a more comprehensive assessment of SPX Corp's efficiency in managing its accounts receivable.
Overall, a lower DSO suggests better liquidity and cash flow management, while a higher DSO may indicate potential issues with collections or credit policies. Monitoring DSO trends can provide valuable insights into the company's working capital management and financial health.
Peer comparison
Dec 31, 2023