Chord Energy Corp (CHRD)
Days of sales outstanding (DSO)
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2019 | Dec 31, 2018 | ||
---|---|---|---|---|---|---|
Receivables turnover | 4.10 | 5.30 | 4.70 | 5.11 | 5.62 | |
DSO | days | 89.05 | 68.90 | 77.70 | 71.48 | 64.97 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.10
= 89.05
Chord Energy Corp's days of sales outstanding (DSO) have shown variability over the past three years. In 2023, the DSO increased to 88.34 days from 78.24 days in the previous year. This indicates that, on average, it took Chord Energy Corp 88.34 days to collect its accounts receivable in 2023, compared to 78.24 days in 2022. The increase in DSO suggests that the company may be experiencing challenges in collecting payments from customers in a timely manner. Further analysis and comparison with industry benchmarks would be beneficial to assess the efficiency of Chord Energy Corp's accounts receivable management.
Peer comparison
Dec 31, 2023
Company name
Symbol
DSO
Chord Energy Corp
CHRD
89.05
Antero Resources Corp
AR
3.32
APA Corporation
APA
—
California Resources Corp
CRC
30.62
Chesapeake Energy Corp
CHK
24.82
Civitas Resources Inc
CIVI
56.03
CNX Resources Corp
CNX
14.24
Comstock Resources Inc
CRK
55.25
Coterra Energy Inc
CTRA
62.46
Devon Energy Corporation
DVN
44.16
Diamondback Energy Inc
FANG
36.75