Consol Energy Inc (CEIX)
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 | 16.02 | 16.08 | 20.52 | 13.10 | 10.69 | 13.20 | 10.26 | 6.72 | 10.88 | 10.64 | 10.38 | 6.45 | 6.37 | 7.16 | 8.84 | 9.20 | 8.29 | 10.58 | 10.46 | 10.23 | |
| DSO | days | 22.79 | 22.70 | 17.79 | 27.86 | 34.15 | 27.65 | 35.56 | 54.32 | 33.55 | 34.31 | 35.16 | 56.57 | 57.32 | 51.01 | 41.30 | 39.69 | 44.05 | 34.50 | 34.90 | 35.67 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 16.02
= 22.79
To analyze Consol Energy Inc's Days Sales Outstanding (DSO) trend, we can observe that the DSO has fluctuated over the past eight quarters.
In Q1 2022, the DSO was quite high at 47.24 days, indicating that the company took almost 47 days on average to collect its accounts receivable. This trend improved in Q2 2022, but then increased again in Q3 2022 to 26.81 days and further to 30.83 days in Q4 2022.
However, the trend reversed in Q1 2023 with a DSO of 27.98 days, indicating a slightly longer collection period. This was followed by a significant improvement in Q2 2023, where the DSO decreased to 18.35 days, the lowest value in the given data. This suggests the company became more efficient in collecting its receivables during that period.
The DSO increased slightly in Q3 2023 to 23.39 days, remaining relatively stable compared to the previous quarter. Finally, in Q4 2023, the DSO decreased slightly to 23.35 days, showing a stable trend in the collection period.
Overall, the trend in DSO for Consol Energy Inc displays some variability but generally suggests improvements in accounts receivable collection efficiency, with a few fluctuations along the way. Further monitoring of this metric in upcoming quarters will be essential to assess the company's ongoing effectiveness in managing its receivables.
Peer comparison
Dec 31, 2023