Standex International Corporation (SXI)
Days of sales outstanding (DSO)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.94 | 6.42 | 5.91 | 5.19 | 5.68 | |
| DSO | days | 61.45 | 56.84 | 61.81 | 70.34 | 64.21 |
June 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.94
= 61.45
The days of sales outstanding (DSO) for Standex International Corporation has varied over the past 5 years. In 2024, the DSO was 61.45 days, a slight increase from the previous year's 56.84 days. This indicates that on average, it took the company about 61.45 days to collect its accounts receivable.
Comparing this to 2022 and 2023 where the DSO was 61.81 days and 56.84 days respectively, we see a fluctuation in the efficiency of the company in collecting its outstanding receivables.
Furthermore, in 2021 and 2020, the DSO was 70.34 days and 64.21 days respectively, indicating a possible improvement in the company's collection process over the past 3 years.
Overall, the trend in DSO for Standex International Corporation suggests some variability but generally shows improvement in the efficiency of the company's accounts receivable collection process over the past 5 years.
Peer comparison
Jun 30, 2024