Celanese Corporation (CE)
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 | 5.13 | 5.29 | 4.95 | 4.12 | 3.87 | 5.84 | 5.21 | 4.83 | 4.77 | 4.48 | 3.87 | 3.92 | 4.18 | 5.16 | 5.44 | 5.22 | 4.83 | 5.11 | 5.17 | 5.14 | |
| DSO | days | 71.12 | 68.93 | 73.77 | 88.55 | 94.20 | 62.48 | 70.03 | 75.53 | 76.54 | 81.40 | 94.24 | 93.10 | 87.33 | 70.74 | 67.14 | 69.94 | 75.63 | 71.46 | 70.65 | 70.97 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.13
= 71.12
Celanese Corp's Days Sales Outstanding (DSO) has fluctuated over the past eight quarters, indicating potential variations in the company's accounts receivable management. In Q1 2023, the DSO reached its peak at 84.53 days, suggesting a delay in collecting receivables compared to the previous quarters. This significant increase may raise concerns about the company's credit policies or customer payment behaviors.
However, in Q4 2023, the DSO improved to 59.52 days, showing a positive trend towards faster collection of receivables in the recent period. The decline in DSO could be attributed to more efficient credit control measures or better receivables management practices implemented by Celanese Corp.
Overall, monitoring the DSO trend is essential for assessing the company's liquidity and the effectiveness of its accounts receivable management. Analyzing DSO alongside other financial ratios can provide a comprehensive understanding of Celanese Corp's financial performance and working capital efficiency.
Peer comparison
Dec 31, 2023