Core Laboratories NV (CLB)

Days of sales outstanding (DSO)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024
Receivables turnover		4.09	3.91	3.86	3.85
DSO	days	89.30	93.45	94.52	94.78

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.09
= 89.30

To analyze Core Laboratories NV's Days Sales Outstanding (DSO) based on the provided data, we can observe the trend over the four quarters of the fiscal year 2024. The DSO values are as follows: 94.78 days as of March 31, 2024, 94.52 days as of June 30, 2024, 93.45 days as of September 30, 2024, and 89.30 days as of December 31, 2024.

The DSO measures the average number of days it takes for a company to collect payment after making a sale. A lower DSO typically indicates that the company is collecting payments more quickly, which could be a positive sign of efficient accounts receivable management.

In this case, we observe a decreasing trend in DSO throughout the year, from 94.78 days in March to 89.30 days in December. This reduction suggests that Core Laboratories NV has been improving its collection process, potentially enhancing its liquidity position and working capital management. However, it is essential to monitor DSO over time to ensure that the improvement is sustainable and not driven by temporary factors.

Overall, the decreasing trend in DSO for Core Laboratories NV in fiscal year 2024 indicates a potentially positive development in the company's accounts receivable management and efficiency in collecting payments from customers.