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