Valvoline Inc (VVV)
Days of sales outstanding (DSO)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 19.14 | 17.72 | 18.65 | 45.10 | 5.48 | |
| DSO | days | 19.07 | 20.59 | 19.57 | 8.09 | 66.55 |
September 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 19.14
= 19.07
Valvoline Inc's Days Sales Outstanding (DSO) has shown fluctuations over the past five years. In 2024, the DSO was 19.07 days, indicating the average number of days it takes for the company to collect revenue from its sales. This was a slight decrease from 2023, when the DSO was 20.59 days.
Comparing it to 2022, there was a marginal decrease from 19.57 days. However, there was a significant improvement from 2021, where the DSO was only 8.09 days. This could indicate an efficient collection process in 2024.
In contrast, 2020 saw a considerable spike in DSO to 66.55 days, suggesting some challenges in collecting payments from customers during that period. Overall, the recent trend in DSO for Valvoline Inc shows improvements in managing accounts receivable efficiency, but it is essential to monitor this metric consistently for any potential fluctuations.
Peer comparison
Sep 30, 2024