American Airlines Group (AAL)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		24.85	21.97	18.66	11.99	25.51
DSO	days	14.69	16.61	19.56	30.45	14.31

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 24.85
= 14.69

The days of sales outstanding (DSO) for American Airlines Group Inc over the past five years have shown a fluctuating trend. In 2023, the DSO decreased to 14.01 days from 15.94 days in 2022. This decrease indicates that the company was able to collect its accounts receivable more efficiently in 2023 compared to the previous year.

Looking further back, in 2021, the DSO was 18.38 days, indicating a longer time taken by the company to collect its sales compared to 2023. The DSO was even higher in 2020 at 28.25 days, suggesting a significant improvement in accounts receivable collection efficiency over the past three years.

In 2019, the DSO was relatively low at 13.96 days, similar to the level observed in 2023. This indicates that in both years, the company was able to efficiently collect its sales within a similar timeframe.

Overall, the decreasing trend in DSO from 2020 to 2023 suggests an improvement in American Airlines Group Inc's accounts receivable management and efficiency in collecting sales revenue.