Standex International Corporation (SXI)
Days of sales outstanding (DSO)
| Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 5.92 | 5.89 | 6.13 | 6.26 | 6.42 | 6.39 | 6.00 | 6.11 | 5.91 | 5.51 | 5.79 | 5.61 | 5.19 | 5.06 | 5.93 | 6.04 | 6.74 | 7.35 | 7.05 | 7.29 | |
| DSO | days | 61.64 | 61.92 | 59.53 | 58.28 | 56.84 | 57.14 | 60.80 | 59.74 | 61.81 | 66.26 | 63.03 | 65.06 | 70.34 | 72.17 | 61.54 | 60.40 | 54.19 | 49.66 | 51.77 | 50.07 |
June 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.92
= 61.64
The Days Sales Outstanding (DSO) for Standex International Corporation fluctuated over the past several quarters. On June 30, 2024, the DSO was 61.64 days, showing a slight improvement from the previous quarter's 61.92 days. Compared to the same quarter a year ago, the DSO has increased, indicating potentially slower collection of receivables.
Looking at the trend over the past eight quarters, there have been variations in DSO, with peaks observed in the third and fourth quarters of 2021 and 2022, respectively. However, there has been a general downward trend since then, suggesting improved efficiency in collecting receivables.
Overall, monitoring DSO is crucial for assessing the effectiveness of the company's credit and collection policies. A decreasing trend in DSO can indicate better management of receivables, improved cash flow, and potentially enhanced liquidity, while an increasing trend may raise concerns about potential liquidity challenges or inefficiencies in receivables management.
Peer comparison
Jun 30, 2024