Wolverine World Wide Inc (WWW)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 9.72 | 11.11 | 7.56 | 6.68 | 6.87 | |
| DSO | days | 37.56 | 32.86 | 48.31 | 54.68 | 53.17 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.72
= 37.56
Wolverine World Wide Inc's days of sales outstanding (DSO) has shown fluctuating trends over the past five years. In 2023, the company's DSO decreased to 37.56 days from 32.86 days in 2022, indicating that the company is collecting its accounts receivable more efficiently. This may point to improved credit policies or collection processes.
Comparing the DSO to previous years, the company's DSO was significantly lower in 2022 compared to 2021, possibly due to enhanced receivables management. In 2020 and 2019, the DSO was higher, suggesting that the company took longer to collect its receivables during those periods.
Overall, Wolverine World Wide Inc's trend in DSO indicates potential improvements in managing accounts receivable and liquidity. It may be beneficial for stakeholders to continue monitoring this ratio to ensure sustainable cash flow and efficient working capital management.
Peer comparison
Dec 31, 2023