Toro Co (TTC)

The days of sales outstanding (DSO) for Toro Co. have exhibited some fluctuations over the past five years. In 2023, the DSO stands at 32.66 days, which reflects an increase from the previous year's figure of 26.90 days. This indicates that on average, it took the company approximately 32.66 days to collect its accounts receivable from customers.

Comparing this to historical data, the DSO was slightly higher than in 2021 and 2020, when it was 28.60 days and 28.21 days, respectively. However, it is noteworthy that the DSO in 2022 was lower than in the current year, at 26.90 days, indicating that Toro Co. was able to collect its outstanding sales more efficiently during that period.

Looking further back, in 2019, the DSO was 31.26 days, which is higher than in the most recent year. Overall, the trend in DSO for Toro Co. has exhibited some variability, with a slight upward trend in the most recent period. This suggests that the company may be facing challenges in collecting its receivables as efficiently as in previous years, which could impact its working capital management and cash flow. Further analysis and insights into the company's credit and collection policies may be necessary to understand this fluctuation in DSO.