Willscot Mobile Mini Holdings Corp A (WSC)

The analysis of Willscot Mobile Mini Holdings Corp A’s days of sales outstanding (DSO) from December 31, 2020, through December 31, 2024, reveals notable trends in the company's receivables collection efficiency. At the end of 2020, the DSO was 88.32 days, indicating that on average, the company took approximately 88 days to collect receivables. Over the subsequent years, there has been a consistent decline in DSO figures, with the value decreasing to 67.67 days by the end of 2021. This decline suggests an improvement in accounts receivable collection processes during that period.

In 2022, the DSO slightly increased to 69.80 days, reflecting a minor elongation in the collection cycle, possibly due to seasonal factors, changes in customer credit terms, or operational adjustments. However, the subsequent year, 2023, maintained a similar DSO level at 69.63 days, indicating stabilization in the receivables collection period.

By the end of 2024, the DSO decreased further to 65.57 days, marginally surpassing the 2021 level but still representing a reduction from the 2020 figure. Overall, the trend demonstrates a substantial reduction in collection period from 2020 through 2024, with the DSO declining by approximately 22.75 days over this timeframe. This pattern suggests progressive enhancements in billing efficiency, credit management, or collection procedures, contributing to more prompt receivables turnover and potentially improving the company’s working capital management.