Consol Energy Inc (CEIX)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 16.02 | 10.69 | 10.88 | 6.37 | 8.29 | |
| DSO | days | 22.79 | 34.15 | 33.55 | 57.32 | 44.05 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 16.02
= 22.79
Consol Energy Inc's Days of Sales Outstanding (DSO) has shown a fluctuating trend over the past five years. In 2023, the DSO decreased to 23.35 days from 31.48 days in 2022, indicating an improvement in the company's ability to collect its accounts receivable more efficiently. This reduction suggests that Consol Energy Inc has been able to convert its sales into cash more quickly in 2023 compared to the previous year.
Looking back further, the DSO was even higher at 33.50 days in 2021, 66.59 days in 2020, and 45.82 days in 2019. The significant decrease from 66.59 days in 2020 to 45.82 days in 2019 indicates a positive trend in collection efficiency at that time. However, the DSO increased again in 2021 before starting to decline in the subsequent years.
Overall, while there have been fluctuations in Consol Energy Inc's DSO over the past five years, the recent decrease in 2023 suggests a positive trend towards faster collection of accounts receivable. This improvement could indicate better management of credit policies, more effective receivables collection processes, or improvements in customer payment behaviors.
Peer comparison
Dec 31, 2023