Alcoa Corp (AA)
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 | 12.99 | 13.21 | 13.40 | 13.75 | 13.56 | 14.82 | 12.83 | 11.76 | 13.52 | 12.97 | 14.02 | 14.32 | 16.50 | 15.09 | 18.60 | 15.02 | 15.65 | 13.63 | 13.61 | 13.78 | |
| DSO | days | 28.10 | 27.62 | 27.24 | 26.54 | 26.92 | 24.63 | 28.45 | 31.03 | 26.99 | 28.14 | 26.03 | 25.49 | 22.12 | 24.19 | 19.63 | 24.30 | 23.33 | 26.77 | 26.81 | 26.50 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 12.99
= 28.10
The Days Sales Outstanding (DSO) of Alcoa Corp has exhibited a relatively stable trend over the past eight quarters, fluctuating between 24.13 days to 30.48 days. In Q4 2023, the DSO was recorded at 27.95 days, slightly higher than the previous quarter at 27.36 days. This indicates that, on average, it took Alcoa Corp approximately 27.95 days to collect its accounts receivable for the period.
Comparing the most recent data to the same quarter in the prior year, we see a slight increase from 26.65 days in Q4 2022 to 27.95 days in Q4 2023. It is essential for the company to monitor this metric as a higher DSO could indicate potential challenges in collecting receivables efficiently, impacting cash flow and liquidity. Overall, while the DSO has shown some variability, Alcoa Corp may benefit from implementing strategies to optimize its accounts receivable management in order to maintain healthy cash flow levels.
Peer comparison
Dec 31, 2023