Air Products and Chemicals Inc (APD)
Days of sales outstanding (DSO)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 6.00 | 7.07 | 7.08 | 7.20 | 6.43 | 6.71 | 6.97 | 6.65 | 6.87 | 6.51 | 5.95 | 6.00 | 6.70 | 6.37 | 6.18 | 5.89 | 6.47 | 5.22 | 5.60 | 6.95 | |
| DSO | days | 60.86 | 51.63 | 51.53 | 50.70 | 56.78 | 54.40 | 52.38 | 54.90 | 53.16 | 56.07 | 61.34 | 60.84 | 54.50 | 57.32 | 59.07 | 61.99 | 56.45 | 69.93 | 65.23 | 52.55 |
September 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.00
= 60.86
The days of sales outstanding (DSO) for Air Products and Chemicals Inc have shown some fluctuations over the past several quarters. On Sep 30, 2024, the DSO was 60.86 days, which was higher compared to the previous quarter where it was 51.63 days. The DSO has been ranging between 50 to 60 days in recent quarters, indicating that the company takes an average of 50 to 60 days to collect its accounts receivable.
It is worth noting that the DSO peaked at 69.93 days on Sep 30, 2020, which might indicate potential issues with accounts receivable management at that time. However, the company has managed to reduce the DSO since then, maintaining it within a more optimal range.
Overall, the trend in DSO for Air Products and Chemicals Inc demonstrates a relatively stable collection period for accounts receivable in recent quarters, with occasional fluctuations that may warrant continued monitoring to ensure efficient management of receivables.
Peer comparison
Sep 30, 2024
See also:
Air Products and Chemicals Inc Average Receivable Collection Period (Quarterly Data)