Century Aluminum Company (CENX)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 23.62 | 79.81 | 46.77 | 26.18 | 18.33 | |
| DSO | days | 15.45 | 4.57 | 7.80 | 13.94 | 19.91 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 23.62
= 15.45
Based on the data provided, Century Aluminum Company's Days Sales Outstanding (DSO) has fluctuated over the past five years. In 2023, the DSO was 15.45 days, a significant increase from the previous year's 4.57 days. This suggests that the company took longer to collect its accounts receivable in 2023 compared to 2022.
Compared to 2021 and 2020, where the DSO was 7.80 days and 13.94 days, respectively, the DSO in 2023 was higher, indicating a potentially less efficient accounts receivable collection process. However, it is worth noting that the DSO in 2023 was lower than in 2019 when it stood at 19.91 days.
Overall, the fluctuation in Century Aluminum Company's DSO over the past five years indicates varying levels of efficiency in collecting accounts receivable. Further analysis of the company's receivables management practices and industry benchmarks may provide deeper insights into the reasons behind these fluctuations in DSO.
Peer comparison
Dec 31, 2023