Baker Hughes Co (BKR)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 3.58 | 3.43 | 3.58 | 3.57 | 3.66 | |
| DSO | days | 101.95 | 106.33 | 102.09 | 102.15 | 99.81 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.58
= 101.95
The Days Sales Outstanding (DSO) ratio for Baker Hughes Co has shown a fluctuating trend over the past five years. The company's DSO was 101.25 days as of December 31, 2023, compared to 102.79 days in the previous year and 100.61 days in 2021. This indicates a slight improvement in the collection period for accounts receivable in the most recent period.
However, it is worth noting that the DSO has been relatively stable over the years, hovering around the 100-day mark. This suggests that Baker Hughes Co has been able to manage its accounts receivable efficiently, with a consistent average collection period.
Overall, while the recent decrease in DSO is a positive sign for the company's cash flow management, it is important for Baker Hughes Co to continue monitoring and optimizing its collection processes to ensure timely receipt of outstanding payments.
Peer comparison
Dec 31, 2023