Tootsie Roll Industries Inc (TR)
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 | 13.79 | 9.48 | 14.54 | 11.93 | 11.75 | 8.10 | 14.25 | 11.72 | 10.40 | 5.03 | 10.52 | 9.98 | 8.38 | 5.12 | 12.31 | 10.97 | 8.71 | 5.88 | 14.08 | 11.81 | |
| DSO | days | 26.47 | 38.51 | 25.11 | 30.60 | 31.06 | 45.08 | 25.61 | 31.15 | 35.08 | 72.58 | 34.69 | 36.59 | 43.55 | 71.23 | 29.66 | 33.28 | 41.90 | 62.08 | 25.93 | 30.90 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 13.79
= 26.47
Tootsie Roll Industries, Inc.'s Days of Sales Outstanding (DSO) has shown fluctuations over the past eight quarters. In Q4 2023, the company had a DSO of 30.71 days, which was a decrease from the previous quarter's DSO of 41.05 days in Q3 2023. The DSO was lower than the same quarter in the prior year, Q4 2022, which had a DSO of 33.40 days. This suggests that the company was able to collect its accounts receivable more efficiently in Q4 2023 compared to the previous quarter and the same quarter in the prior year.
Looking at the trend over the past eight quarters, Tootsie Roll Industries, Inc. has experienced fluctuations in DSO, with highs and lows observed. The lowest DSO was recorded in Q2 2022 at 28.12 days, indicating efficient accounts receivable collection, while the highest was in Q3 2022 at 47.43 days, suggesting a longer collection period. Overall, monitoring DSO trends can provide insights into the company's efficiency in collecting outstanding receivables, managing cash flow, and assessing credit policies.
Peer comparison
Dec 31, 2023