Simpson Manufacturing Company Inc (SSD)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 7.77 | 7.83 | 6.77 | 7.66 | 8.18 | |
| DSO | days | 46.95 | 46.62 | 53.89 | 47.64 | 44.65 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.77
= 46.95
The days of sales outstanding (DSO) for Simpson Manufacturing Co., Inc. have shown some variability over the past five years. In 2023, the DSO was 46.82 days, slightly higher than the previous year's DSO of 46.42 days. This indicates that the company took slightly longer to collect its accounts receivable in 2023 compared to 2022.
When looking further back, the DSO was higher in 2021 at 53.60 days but lower in 2020 at 47.54 days and in 2019 at 44.76 days. The increase in DSO in 2021 may suggest that the company faced challenges or delays in collecting payments from customers that year.
Overall, Simpson Manufacturing Co., Inc. has maintained relatively consistent DSO levels around the mid-forties range over the past five years, with some fluctuations. It is important for the company to monitor its DSO closely to ensure efficient management of accounts receivable and to optimize its cash flow.
Peer comparison
Dec 31, 2023