Carrier Global Corp (CARR)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 8.63 | 10.32 | 7.76 | 8.44 | 6.57 | |
| DSO | days | 42.27 | 35.38 | 47.07 | 43.22 | 55.53 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.63
= 42.27
The Days Sales Outstanding (DSO) of Carrier Global Corp decreased from 55.53 days as of December 31, 2020, to 43.22 days as of December 31, 2021. This decline suggests that the company is collecting its accounts receivable more efficiently. However, in the following years, the DSO increased slightly to 47.07 days as of December 31, 2022, before decreasing again to 35.38 days as of December 31, 2023. This significant decrease indicates a further improvement in the company's receivables management.
By December 31, 2024, the DSO slightly increased to 42.27 days, which is still lower than the initial figure in 2020. Overall, the trend in DSO reflects a positive picture of Carrier Global Corp's ability to collect sales revenue from customers in a timely manner, although some fluctuations were observed in the intervening years.
Peer comparison
Dec 31, 2024