Clean Harbors Inc (CLH)
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 | 5.49 | 5.28 | 5.44 | 5.51 | 5.36 | 4.86 | 4.56 | 4.62 | 4.80 | 4.87 | 4.96 | 4.96 | 5.13 | 5.34 | 5.80 | 5.29 | 5.28 | 5.29 | 5.29 | 5.43 | |
| DSO | days | 66.50 | 69.07 | 67.10 | 66.25 | 68.12 | 75.08 | 80.00 | 79.05 | 76.08 | 74.90 | 73.54 | 73.64 | 71.10 | 68.34 | 62.90 | 69.06 | 69.10 | 69.03 | 68.94 | 67.22 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.49
= 66.50
Clean Harbors, Inc.'s Days Sales Outstanding (DSO) has shown a decreasing trend over the past two quarters, dropping from 84.62 days in Q3 2022 to 73.62 days in Q4 2023. This signifies an improvement in the company's efficiency in collecting accounts receivable, as it now takes fewer days to convert sales into cash.
However, when compared to the same quarter of the previous year, the DSO has decreased only slightly. In Q4 2023, the DSO was 75.71 days, while it was 73.62 days in Q4 2023. This indicates that the company's collection process has remained relatively stable year-over-year.
Overall, a decreasing trend in DSO is a positive indicator for Clean Harbors, Inc., as it suggests effective credit and collection policies in place. The company should continue to monitor and manage its accounts receivable to ensure cash flow remains healthy and sustainable.
Peer comparison
Dec 31, 2023