Vista Outdoor Inc (VSTO)
Days of sales outstanding (DSO)
| Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 7.73 | 7.03 | 6.82 | 7.42 | 8.90 | 7.44 | 6.56 | 7.24 | 8.46 | 6.75 | 6.21 | 6.76 | 7.32 | 5.84 | 5.25 | 5.31 | 5.48 | 5.71 | 5.08 | 5.35 | |
| DSO | days | 47.24 | 51.90 | 53.55 | 49.22 | 41.01 | 49.04 | 55.64 | 50.43 | 43.14 | 54.07 | 58.78 | 53.97 | 49.86 | 62.51 | 69.53 | 68.74 | 66.61 | 63.92 | 71.81 | 68.17 |
March 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.73
= 47.24
Days of Sales Outstanding (DSO) is a ratio that measures how long, on average, it takes a company to collect payment after making a sale. A lower DSO indicates that the company is collecting payments more quickly, which can improve cash flow and overall liquidity. Conversely, a higher DSO may suggest potential issues with collecting receivables efficiently.
Analyzing Vista Outdoor Inc's DSO over the past few quarters, we observe fluctuations in the metric. As of March 31, 2024, the DSO stood at 47.24 days, which is a decrease from the previous quarter's 51.90 days. This decrease indicates that Vista Outdoor Inc improved its collection efficiency from the previous period.
Looking back at the trend over the past five quarters, we notice varying levels of DSO, with some quarters showing higher values, such as the peak of 71.81 days in the third quarter of 2019. This could signal challenges in promptly collecting receivables during that period.
Overall, while there have been fluctuations in Vista Outdoor Inc's DSO, the recent decrease in DSO suggests a positive trend in collecting payments more efficiently. It is essential for the company to continue monitoring this metric to ensure a healthy balance between sales growth and effective collection practices.
Peer comparison
Mar 31, 2024