Wabash National Corporation (WNC)

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		13.02	11.66	11.06	10.04	9.70	9.22	9.16	6.66	9.65	7.61	12.06	9.85	12.41	14.51	13.84	14.79	12.78	13.21	13.63	12.42
DSO	days	28.04	31.30	32.99	36.37	37.63	39.58	39.87	54.78	37.83	47.94	30.27	37.04	29.40	25.15	26.37	24.68	28.56	27.62	26.78	29.39

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 13.02
= 28.04

The days of sales outstanding (DSO) for Wabash National Corp. have shown a decreasing trend over the past quarters, indicating an improvement in the company's accounts receivable collection efficiency. In Q4 2023, the DSO stood at 26.33 days, the lowest figure in the provided data, implying that the company takes approximately 26 days to collect payments from its customers on average.

Comparing this to previous quarters, there has been a consistent decline in DSO from 54.07 days in Q1 2022 to 26.33 days in Q4 2023. This suggests that Wabash National Corp. has been successful in managing its accounts receivable more effectively, potentially indicating a tighter credit policy or streamlined collection processes.

A lower DSO generally signifies that the company is collecting payments from customers more quickly, which could lead to improved cash flow and working capital management. It also reflects positively on the company's credit control and customer payment terms. Continued monitoring of the DSO trend will be essential to ensure that the company maintains its efficient accounts receivable management in the future.