American Airlines Group (AAL)

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		24.85	25.10	24.48	25.23	21.97	21.75	21.17	21.39	18.66	17.38	14.00	12.22	12.28	20.94	37.05	42.04	25.68	24.09	22.76	23.41
DSO	days	14.69	14.54	14.91	14.47	16.61	16.78	17.25	17.06	19.56	21.00	26.07	29.87	29.71	17.43	9.85	8.68	14.21	15.15	16.03	15.59

December 31, 2023 calculation

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

To analyze American Airlines Group Inc's Days Sales Outstanding (DSO) trend, we observe fluctuations throughout the quarters provided. The DSO measures the average number of days it takes for the company to collect revenue after a sale is made. In Q4 2023, the DSO was 14.01 days, showing a slight increase from the previous quarter's 13.94 days in Q3 2023. This could indicate a slightly slower collection of revenue during this period.

Comparing to the same quarter in the previous year, Q4 2022 had a higher DSO of 15.94 days, suggesting an improvement in the collection process in Q4 2023. Furthermore, Q4 2023's DSO is lower than Q1 and Q2 2022, signifying more efficient collections.

Overall, American Airlines' DSO has seen some variability, largely staying within the range of 13-16 days over the past year. It is essential for the company to closely monitor and manage its DSO to ensure timely collection of revenues and optimize its cash flow management.