Woodward Inc (WWD)
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 | 6.13 | 5.74 | 5.64 | 5.76 | 6.97 | 6.29 | 6.82 | 6.56 | 8.09 | 6.63 | 5.56 | 5.27 | 6.61 | 6.40 | 7.25 | 6.64 | 7.82 | 6.75 | 6.18 | 5.72 | |
| DSO | days | 59.57 | 63.61 | 64.76 | 63.33 | 52.33 | 57.99 | 53.54 | 55.63 | 45.13 | 55.09 | 65.66 | 69.26 | 55.21 | 57.02 | 50.33 | 54.93 | 46.67 | 54.04 | 59.05 | 63.77 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.13
= 59.57
Woodward Inc's Days Sales Outstanding (DSO) have shown some fluctuations over the past eight quarters. In Q3 2023, DSO reached its peak at 101.29 days before decreasing slightly in the following quarters. Q1 2024 saw a decrease to 93.47 days, indicating that the company was able to collect its accounts receivable more efficiently during this period. Overall, Woodward Inc should continue to monitor its DSO to ensure timely collection of receivables and maintain healthy cash flow.