Caterpillar Inc (CAT)
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 | 3.56 | 3.55 | 3.46 | 3.36 | 3.33 | 3.32 | 3.12 | 2.90 | 2.93 | 2.92 | 2.64 | 2.49 | 2.49 | 2.74 | 7.52 | 6.67 | 7.03 | 7.69 | 7.08 | 6.99 | |
| DSO | days | 102.44 | 102.74 | 105.40 | 108.55 | 109.75 | 110.06 | 116.97 | 125.69 | 124.42 | 124.91 | 138.10 | 146.75 | 146.71 | 133.23 | 48.56 | 54.75 | 51.89 | 47.49 | 51.53 | 52.23 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.56
= 102.44
The days of sales outstanding (DSO) for Caterpillar Inc. have shown a slightly decreasing trend in the last two quarters, indicating an improvement in the company's accounts receivable management. In Q4 2023, the DSO decreased to 50.67 days from 50.07 days in Q3 2023. This suggests that Caterpillar is collecting its outstanding receivables more efficiently compared to the previous quarter.
Looking further back, the DSO has generally fluctuated within a range of 50 to 60 days over the past year. However, compared to the same quarter in the previous year (Q4 2022), there has been a marginal improvement in DSO. The company appears to have made progress in managing its accounts receivable turnover, although there is room for further optimization.
Overall, the trend in days of sales outstanding for Caterpillar Inc. indicates a relatively stable performance in collecting receivables, with recent improvements suggesting a positive outlook for the company's cash flow and liquidity position.
Peer comparison
Dec 31, 2023
See also:
Caterpillar Inc Average Receivable Collection Period (Quarterly Data)