Carnival Corporation (CCL)

Days of sales outstanding (DSO)

		Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020
Receivables turnover		42.28	34.94	26.73	7.76	15.52
DSO	days	8.63	10.45	13.66	47.06	23.52

November 30, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 42.28
= 8.63

The days of sales outstanding (DSO) for Carnival Corporation have shown fluctuations over the years as per the provided data. In November 2020, the DSO was at 23.52 days, indicating that on average, it took approximately 23.52 days for the company to collect its accounts receivable.

Over the next few years, there was a significant increase in DSO to 47.06 days by November 2021, which could suggest potential issues with the company's accounts receivable management or collection processes.

However, there was a notable improvement in efficiency by November 2022, with DSO decreasing to 13.66 days. This reduction may indicate better management of receivables or changes in the company's credit policies.

The trend continued positively as DSO decreased further to 10.45 days by November 2023 and then to 8.63 days by November 2024. These lower DSO figures suggest that Carnival Corporation has been able to collect its receivables more quickly, potentially improving its cash flow and liquidity position.

Overall, the decreasing trend in DSO from 2021 to 2024 indicates an improvement in Carnival Corporation's management of accounts receivable and a more efficient collection process.