CH Robinson Worldwide Inc (CHRW)

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		7.39	7.55	8.03	8.39	8.25	6.87	6.13	5.72	5.83	5.68	6.03	5.99	6.62	6.59	7.47	7.34	7.75	7.55	5.95	4.50
DSO	days	49.41	48.34	45.46	43.52	44.22	53.11	59.53	63.82	62.62	64.23	60.48	60.98	55.17	55.43	48.84	49.72	47.07	48.37	61.37	81.16

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.39
= 49.41

To analyze C.H. Robinson Worldwide, Inc.'s Days Sales Outstanding (DSO) over the past eight quarters, we observe the trend of DSO decreasing from Q1 2022 to Q1 2023, indicating an improvement in the company's efficiency in collecting receivables.

The DSO decreased from 63.82 days in Q1 2022 to 43.52 days in Q1 2023, reflecting a more efficient collection of receivables during this period. Furthermore, the DSO remained relatively stable around 43-49 days from Q1 2023 to Q4 2023, which suggests that the company has been able to maintain a consistent level of efficiency in its accounts receivable management.

Overall, the decreasing trend in DSO over the quarters, with a subsequent stable level in recent periods, indicates that C.H. Robinson Worldwide, Inc. has been effective in managing its accounts receivable and improving its cash flow by collecting payments from customers in a timely manner. This trend reflects positively on the company's financial health and operational efficiency in managing its receivables.