Avista Corporation (AVA)

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		5.40	10.63	10.46	7.05	4.65	8.65	8.01	6.54	4.69	8.17	8.76	6.81	4.64	11.35	11.24	8.63	5.58	12.46	11.82	8.13
DSO	days	67.62	34.33	34.91	51.78	78.58	42.17	45.59	55.83	77.91	44.68	41.68	53.62	78.65	32.16	32.47	42.31	65.36	29.28	30.87	44.89

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.40
= 67.62

To analyze Avista Corp.'s Days Sales Outstanding (DSO) trend, we observe fluctuations in the DSO metric over the past eight quarters. DSO represents the average number of days it takes for a company to collect payment after making a sale.

In Q4 2023, the DSO was 51.26 days, which increased significantly from the previous quarter at 34.33 days in Q3 2023. This may indicate a potential delay in collecting payments from customers, which could impact the company's cash flow and liquidity.

Comparing the DSO in Q4 2023 to the same period in the prior year (Q4 2022), there is a notable improvement from 61.14 days to 51.26 days. This suggests more efficient collections practices over the year.

Overall, the DSO for Avista Corp. has shown fluctuations over the past eight quarters, with some quarters demonstrating better efficiency in collecting payments compared to others. It is essential for the company to closely monitor DSO trends to ensure timely collection of receivables and maintain healthy cash flow levels.