Valmont Industries Inc (VMI)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 6.26 | 7.19 | 6.05 | 5.58 | 5.69 | |
| DSO | days | 58.34 | 50.75 | 60.30 | 65.44 | 64.12 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.26
= 58.34
The days of sales outstanding (DSO) of Valmont Industries Inc have fluctuated over the past five years.
In 2023, the DSO was 58.34 days, showing an increase compared to 2022 when it was 50.75 days. This increase may indicate that the company is taking longer to collect its accounts receivable.
Comparing 2022 to 2021, the DSO decreased from 60.30 days to 50.75 days, which suggests an improvement in the efficiency of the company's accounts receivable management.
Further back in 2020 and 2019, the DSO was higher at 65.44 days and 64.12 days respectively, indicating a trend of improvement in the collection of accounts receivable over the years.
Overall, monitoring the DSO can provide insights into the company's ability to collect outstanding receivables efficiently. A lower DSO indicates quicker collection, while a higher DSO may signal potential issues in receivables management.
Peer comparison
Dec 31, 2023