Tractor Supply Company (TSCO)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | — | — | — | — | — | |
| DSO | days | — | — | — | — | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
Tractor Supply Company's Days of Sales Outstanding (DSO) for the years ending December 31, spanning from 2019 to 2023, show a trend of consistently decreasing days. This indicates that the company has been effective in managing its accounts receivable and collecting payments from customers more swiftly over the years.
A decreasing DSO typically implies efficient credit management and effective collection practices, leading to improved cash flow and liquidity for the company. This trend suggests that Tractor Supply Company has been successful in optimizing its working capital and streamlining its receivables process.
It is important to note that a declining DSO trend can also be reflective of changes in sales mix, credit terms, or industry dynamics. Therefore, further analysis and correlation with other financial metrics are recommended to gain a comprehensive understanding of the company's financial performance and liquidity management.
Peer comparison
Dec 31, 2023