Chemours Co (CC)
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 | 9.64 | 6.88 | 6.89 | 7.66 | 10.61 | 7.01 | 6.33 | 6.39 | 8.53 | 7.07 | 6.78 | 6.74 | 9.27 | 8.43 | 9.22 | 7.78 | 7.97 | 6.81 | 6.73 | 7.42 | |
| DSO | days | 37.86 | 53.07 | 52.99 | 47.66 | 34.42 | 52.05 | 57.69 | 57.14 | 42.79 | 51.62 | 53.80 | 54.15 | 39.37 | 43.28 | 39.57 | 46.93 | 45.80 | 53.58 | 54.27 | 49.18 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.64
= 37.86
The Days Sales Outstanding (DSO) ratio for Chemours Co has fluctuated over the periods presented. DSO represents the average number of days it takes for the company to collect revenue after making a sale.
From December 2019 to December 2023, there was no consistent trend in DSO. The ratio ranged from a low of 34.42 days in December 2022 to a high of 57.69 days in June 2022.
Generally, a lower DSO indicates that the company is collecting payments from customers quickly, which can be a positive sign of efficient credit and collection management. Conversely, a higher DSO may suggest potential issues with customer payment delays or difficulties in collections.
It is important to analyze DSO in conjunction with other financial metrics and industry benchmarks to gain a comprehensive understanding of the company's financial performance and liquidity position. Further investigation into the company's internal credit and collection policies may provide insights into the fluctuations observed in the DSO ratio.
Peer comparison
Dec 31, 2023