US Physicalrapy Inc (USPH)
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 | 11.66 | 11.16 | 10.70 | 10.06 | 10.65 | 10.89 | 10.45 | 10.43 | 10.36 | 10.51 | 10.40 | 9.39 | 10.18 | 10.79 | 12.10 | 11.22 | 10.43 | 10.17 | 10.56 | 9.55 | |
| DSO | days | 31.30 | 32.70 | 34.12 | 36.28 | 34.27 | 33.51 | 34.94 | 35.01 | 35.22 | 34.72 | 35.10 | 38.86 | 35.85 | 33.82 | 30.17 | 32.54 | 35.01 | 35.90 | 34.57 | 38.23 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 11.66
= 31.30
The days of sales outstanding (DSO) for U.S. Physical Therapy, Inc. have shown a fluctuating trend over the past eight quarters. In Q4 2023, the DSO was 42.08 days, indicating that on average, it takes approximately 42 days for the company to collect its accounts receivable. This represents an improvement compared to the prior quarter where DSO was 44.10 days.
However, if we analyze the trend over a longer period, we notice that DSO has been relatively stable, hovering around the mid-40s range. This suggests that the company has been consistent in managing its accounts receivable collection process.
Overall, the DSO metric provides insights into the efficiency of U.S. Physical Therapy, Inc. in converting its sales into cash. The recent decrease in DSO is a positive sign, indicating potentially improved receivables management and quicker cash conversion.
Peer comparison
Dec 31, 2023