Viad Corp (VVI)

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 9.38 8.89 8.25 9.17 9.33 2,034.08 5.43 6.17 5.20 4.39 5.14 7.14 22.41 32.94 27.28 10.55 9.74 8.67 7.87 8.82
DSO days 38.93 41.08 44.25 39.79 39.11 0.18 67.24 59.20 70.19 83.22 71.07 51.13 16.29 11.08 13.38 34.61 37.49 42.10 46.37 41.40

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.38
= 38.93

To analyze the trend in Viad Corp.'s Days Sales Outstanding (DSO) over the past eight quarters, we observe fluctuations in the metric. DSO provides insight into the average number of days it takes for the company to collect payments from customers, indicating the efficiency of its accounts receivable management.

In Q4 2023, Viad Corp. reported a DSO of 37.92 days, representing a decrease from the previous quarter. This decrease suggests that the company was able to collect payments from customers more quickly. However, compared to Q4 2022, the current DSO remains relatively consistent.

In Q3 2023, the DSO increased to 41.32 days, indicating a slower collection of receivables compared to the previous quarter. This rise may raise concerns about the company's liquidity and its ability to convert sales into cash efficiently.

Q2 2023 saw a further increase in DSO to 44.47 days, reaching the highest level in the provided data. This prolonged collection period may imply challenges in managing accounts receivable effectively or dealing with customers who delay payments.

In Q1 2023, there was a slight improvement in DSO to 40.43 days, showing a modest reduction in the time taken to collect payments compared to the previous quarter. However, the DSO remains higher than the level seen in Q4 2022.

Overall, Viad Corp.'s DSO has fluctuated over the past eight quarters, with some periods showing improvements in collections efficiency and others indicating challenges in receivables management. It is essential for the company to monitor DSO closely and implement strategies to expedite the collection process and enhance cash flow.


Peer comparison

Dec 31, 2023