Wabash National Corporation (WNC)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 13.02 | 9.70 | 9.65 | 12.41 | 12.78 | |
| DSO | days | 28.04 | 37.63 | 37.83 | 29.40 | 28.56 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 13.02
= 28.04
The Days of Sales Outstanding (DSO) for Wabash National Corp. has fluctuated over the past five years, indicating variations in the company's accounts receivable collection efficiency.
In 2023, the DSO stands at 26.33 days, which is a significant improvement from the previous year where it was 37.28 days. This suggests that Wabash National Corp. is now collecting its accounts receivable more quickly compared to 2022.
Comparing the DSO from 2023 to 2021, there has been a slight decrease from 35.73 days to 26.33 days. This improvement indicates that the company has enhanced its ability to convert its accounts receivable into cash over the past two years.
Furthermore, the DSO in 2020 was 24.95 days, indicating that the company was collecting its receivables slightly faster than in 2023. However, in 2019, the DSO was 27.19 days, slightly higher than in the most recent year.
Overall, the DSO trend for Wabash National Corp. shows that the company has made progress in managing its accounts receivable collection period more efficiently. It is essential for the company to continue monitoring this metric to ensure timely collection of outstanding payments and maintain healthy cash flows.