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

Company name
Symbol
DSO
Clean Harbors Inc
CLH
66.50
Stericycle Inc
SRCL
78.02