Clean Harbors Inc (CLH)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.49 | 5.36 | 4.80 | 5.13 | 5.29 | |
| DSO | days | 66.50 | 68.12 | 76.08 | 71.10 | 69.02 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.49
= 66.50
The days of sales outstanding (DSO) ratio for Clean Harbors, Inc. has shown some fluctuation over the past five years. In 2023, the DSO decreased to 73.62 days from 75.71 days in 2022. This decline indicates that the company is collecting its accounts receivable more efficiently compared to the previous year. However, it is still higher than the DSO in 2020 and 2019, indicating there may still be room for improvement in the collection process.
Overall, the trend in DSO for Clean Harbors, Inc. shows some variability but with a general downward trend in recent years. This suggests that the company has been successful in managing its accounts receivable and improving its cash flow cycle. However, it would be beneficial for the company to continue monitoring and managing its DSO to ensure efficient collections and optimize its working capital management.
Peer comparison
Dec 31, 2023