Atmos Energy Corporation (ATO)

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		6.11	12.48	13.33	8.71	5.65	11.19	10.79	6.79	6.82	9.94	11.38	6.82	5.81	12.23	11.80	7.37	6.66	12.59	10.17	7.10
DSO	days	59.73	29.25	27.38	41.89	64.55	32.63	33.84	53.77	53.55	36.74	32.06	53.54	62.86	29.83	30.94	49.56	54.83	29.00	35.89	51.41

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.11
= 59.73

To analyze Atmos Energy Corp.'s days of sales outstanding (DSO) over the past eight quarters, we can observe that there have been fluctuations in the DSO metric.

The DSO figures have ranged from a low of 27.38 days in Q3 2023 to a high of 64.55 days in Q1 2023. This variability indicates varying efficiency in collecting accounts receivable over the quarters.

In Q1 2024, the DSO increased to 59.73 days compared to Q4 2023, where it was 28.06 days. This significant increase suggests that the company took longer to collect its sales revenue in the most recent quarter.

Comparing Q1 2024 to the same quarter in the previous year, Q1 2023, when DSO was 64.55 days, there has been an improvement in the collection period. It is essential to monitor this trend over time to assess the effectiveness of Atmos Energy Corp.'s credit and collection policies in managing accounts receivable efficiently.