Air Products and Chemicals Inc (APD)
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 | 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 | 7.08 | 6.66 | 7.13 | |
| DSO | days | 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 | 51.57 | 54.77 | 51.21 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.20
= 50.70
The days of sales outstanding (DSO) for Air Products & Chemicals Inc. have shown some fluctuations over the past eight quarters. In Q1 2024, the DSO stood at 50.70 days, indicating that on average it takes the company approximately 50.70 days to collect its accounts receivable. This figure decreased compared to the previous quarter (Q4 2023) when it was 51.52 days.
Looking further back, in Q3 2023, the DSO was 54.40 days, showing an increase from the Q2 2023 figure of 47.65 days. The DSO then slightly increased to 51.78 days in Q1 2023 and rose further to 53.81 days in Q4 2022. In Q3 2022, the DSO was similar to Q4 2022 at 53.93 days, and it increased to 55.41 days in Q2 2022.
Overall, the trend in DSO for Air Products & Chemicals Inc. has been fluctuating within a range of approximately 47 to 55 days over the past eight quarters. A lower DSO indicates that the company is collecting its accounts receivable more quickly, which can be a positive sign of efficiency in managing its working capital. In contrast, a higher DSO may suggest potential issues with collections or credit policies that could affect cash flow and liquidity. It is important for the company to closely monitor and manage its DSO to ensure timely collection of receivables and maintain a healthy cash flow position.
Peer comparison
Dec 31, 2023
See also:
Air Products and Chemicals Inc Average Receivable Collection Period (Quarterly Data)