Standex International Corporation (SXI)

The data indicates a trend of increasing days of sales outstanding (DSO) for Standex International Corporation over the specified period. As of June 30, 2021, the DSO was approximately 69.47 days, reflecting the average time the company took to collect receivables after sales. By June 30, 2022, this measure rose slightly to approximately 70.36 days, suggesting a modest elongation in the receivables collection period. The upward trend continued through June 30, 2023, when the DSO increased to approximately 76.55 days, indicating a more noticeable extension in the collection cycle.

The trend persisted into the subsequent fiscal year, with DSO reaching approximately 84.46 days as of June 30, 2024. This represents a significant increase from the previous year, implying that the company was taking on average nearly 84.5 days to collect outstanding receivables, which could potentially impact cash flow management and working capital efficiency. However, in the following year, the DSO decreased slightly to approximately 79.78 days as of June 30, 2025, indicating a partial recovery or improvement in collection practices.

Overall, the progressive increase in DSO from 69.47 days in 2021 to a peak of approximately 84.46 days in 2024 reflects a trend of extended receivables duration, which might be due to changes in credit policy, customer payment behavior, industry practices, or a combination thereof. The subsequent decrease suggests some effort to mitigate this rising trend, though the DSO remained elevated relative to the initial year. This pattern warrants ongoing monitoring to assess potential implications on liquidity and operational efficiency.

Peer comparison

Jun 30, 2025