Ameren Corp (AEE)

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		8.16	7.76	8.86	8.26	7.23	6.82	6.96	7.21	7.80	6.45	7.13	8.05	7.74	7.10	6.57	7.90	8.05	7.43	6.92	7.55
DSO	days	44.72	47.05	41.22	44.21	50.46	53.51	52.43	50.61	46.81	56.61	51.21	45.32	47.18	51.41	55.57	46.18	45.33	49.14	52.73	48.32

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.16
= 44.72

To analyze Ameren Corp.'s Days Sales Outstanding (DSO) over the past eight quarters, we observe a fluctuating trend. DSO measures the average number of days it takes for a company to collect payment after a sale is made, indicating the efficiency of its accounts receivable management.

In Q4 2023, the DSO decreased to 44.72 days from 47.05 days in Q3 2023, showing an improvement in collecting payments from customers. This trend continued from the previous quarter, indicating potential effectiveness in managing accounts receivable. However, compared to Q2 2023, where DSO was at 41.22 days, there was a slight increase.

Looking back at Q1 and Q2 2023, DSO was relatively consistent around 44 days, suggesting stability in the collection process during that period. This was an improvement compared to the higher DSO levels seen in the second half of 2022, where DSO ranged from 50 to 53 days.

Overall, Ameren Corp. has shown some variability in its DSO over the past eight quarters, but recent trends indicate improvements in the collection of accounts receivable. This decreasing trend in DSO over the last two quarters could be a positive sign for the company's cash flow and working capital management. However, further monitoring of DSO levels is advisable to assess the ongoing effectiveness of Ameren Corp.'s accounts receivable management.