Simpson Manufacturing Company Inc (SSD)
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 | 7.77 | 6.20 | 5.54 | 6.32 | 7.83 | 6.14 | 5.06 | 5.35 | 6.78 | 6.11 | 5.65 | 5.85 | 7.66 | 5.49 | 5.08 | 6.92 | 8.19 | 6.21 | 5.74 | 6.36 | |
| DSO | days | 46.95 | 58.87 | 65.83 | 57.76 | 46.62 | 59.43 | 72.17 | 68.23 | 53.82 | 59.73 | 64.56 | 62.41 | 47.64 | 66.52 | 71.84 | 52.75 | 44.54 | 58.76 | 63.56 | 57.41 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.77
= 46.95
The days of sales outstanding (DSO) of Simpson Manufacturing Co., Inc. have fluctuated over the past eight quarters. In Q4 2023, the DSO decreased to 46.82 days from 58.59 days in Q3 2023. This reduction indicates that the company collected its accounts receivable more efficiently in the most recent quarter.
Comparing Q4 2023 to the same quarter in the previous year, there was a slight increase in DSO from 46.42 days. However, it is worth noting that the DSO in Q4 2022 was lower than the most recent quarter, suggesting a potential deterioration in the company's receivables collection efficiency over the past year.
Looking at the trend over the eight quarters, there seems to be some seasonality, with DSO increasing in the second and third quarters of each year before decreasing in the fourth quarter. Overall, the company may want to focus on improving its accounts receivable management to ensure prompt collection of sales proceeds and optimize its cash flow.
Peer comparison
Dec 31, 2023