ChampionX Corporation (CHX)
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 | 7.03 | 7.31 | 7.44 | 7.21 | 6.33 | 5.96 | 5.60 | 4.95 | 5.26 | 5.01 | 4.81 | 4.40 | 3.40 | 2.79 | 2.10 | 4.99 | 5.14 | 5.06 | 4.82 | 4.78 | |
| DSO | days | 51.91 | 49.95 | 49.09 | 50.63 | 57.64 | 61.28 | 65.22 | 73.79 | 69.37 | 72.87 | 75.81 | 82.97 | 107.49 | 130.71 | 173.97 | 73.16 | 70.94 | 72.10 | 75.71 | 76.41 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.03
= 51.91
ChampionX Corp.'s Days of Sales Outstanding (DSO) has shown a decreasing trend over the past four quarters, with Q1 2023 reporting the lowest DSO of 50.63 days compared to 73.79 days in Q1 2022. This indicates that the company has been able to collect its accounts receivable more efficiently in recent quarters.
The decreasing trend in DSO suggests that ChampionX Corp. has been effective in managing its accounts receivable and collecting payments from customers in a timelier manner. A lower DSO is generally a positive indicator of the company's liquidity and operational efficiency.
However, it is important to note that DSO should be analyzed in conjunction with other financial ratios and metrics to get a comprehensive view of the company's financial health. It is also essential to monitor any significant deviations from industry benchmarks or historical trends to identify any potential issues that may arise in the future.
Peer comparison
Dec 31, 2023