CF Industries Holdings Inc (CF)
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 | 13.13 | 18.39 | 22.46 | 21.43 | 19.22 | 15.42 | 14.03 | 12.31 | 13.15 | 13.21 | 11.43 | 15.50 | 15.56 | 17.40 | 17.05 | 18.17 | 18.97 | 15.03 | 14.94 | 16.94 | |
| DSO | days | 27.80 | 19.85 | 16.25 | 17.03 | 18.99 | 23.67 | 26.01 | 29.65 | 27.75 | 27.63 | 31.92 | 23.55 | 23.45 | 20.98 | 21.41 | 20.09 | 19.24 | 24.29 | 24.44 | 21.54 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 13.13
= 27.80
To analyze CF Industries Holdings Inc's Days Sales Outstanding (DSO), we examine the trend over the past eight quarters. DSO measures the average number of days it takes for a company to collect revenue after making a sale.
In Q4 2023, the DSO increased to 27.80 days, a significant rise from the previous quarter. This may indicate potential issues with accounts receivable collections efficiency. However, compared to the same period last year, the DSO has decreased.
In Q1 and Q2 2023, CF Industries showed improvement in DSO, with a decrease in both quarters, indicating better receivables management. This trend continued in Q3 2023 with a further decrease to 19.85 days, which is a positive sign.
In Q4 2022, the DSO was 18.99 days, reflecting a slight improvement from the previous quarter. However, compared to Q2 and Q1 2022, the DSO was higher.
The highest DSO in the data set was in Q1 2022 at 29.65 days, suggesting a longer collection period for sales during that quarter.
Overall, the trend in DSO for CF Industries Holdings Inc indicates fluctuations over the quarters, with both improvements and deteriorations in accounts receivable management. It is essential for the company to closely monitor and manage its DSO to ensure efficient cash flow and effective credit management.
Peer comparison
Dec 31, 2023