Travel + Leisure Co (TNL)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1.30 | 1.23 | 1.24 | 0.60 | |
| DSO | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 281.60 | 297.38 | 294.32 | 603.97 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
The days of sales outstanding (DSO) for Travel+Leisure Co have shown fluctuations over the past eight quarters. In Q4 2023, the DSO was 30.66 days, which represents an increase compared to the previous quarter. This indicates that the company took longer to collect its accounts receivable in the most recent quarter.
In Q3 and Q2 2023, the DSO stood at 18.09 days and 15.94 days, respectively, showing a decreasing trend in the time it takes to collect outstanding sales. However, the DSO increased slightly in Q1 2023 to 15.76 days.
Comparing these figures to the same quarters in 2022, we observe that the DSO has generally increased year-over-year. Notably, in Q4 2023, the DSO was higher at 30.66 days compared to Q4 2022 when it was 23.33 days.
Overall, the analysis of Travel+Leisure Co's DSO indicates that there have been fluctuations in the time it takes the company to collect its accounts receivable, with some quarters showing improvements and others demonstrating a lengthening collection period. Further monitoring and analysis of DSO trends will be necessary to assess the company's efficiency in managing its accounts receivable.
Peer comparison
Dec 31, 2023