Triumph Group Inc (TGI)
Days of sales outstanding (DSO)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.61 | 4.60 | 5.20 | 5.69 | 4.80 | |
| DSO | days | 65.09 | 79.35 | 70.13 | 64.17 | 76.01 |
March 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.61
= 65.09
Triumph Group Inc's days of sales outstanding (DSO) have fluctuated over the past five years, indicating varying efficiency in collecting accounts receivable. The DSO was 42.34 days as of March 31, 2024, reflecting a decrease from the previous year. This suggests that the company improved its collection process, possibly by implementing more effective credit policies or enhancing the monitoring of customer payments. However, compared to two years ago, the DSO is still higher, indicating room for further improvement in managing accounts receivable. Overall, analyzing DSO trends can provide insights into Triumph Group Inc's effectiveness in converting sales into cash and managing its working capital efficiently.
Peer comparison
Mar 31, 2024