Centene Corp (CNC)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| DSO | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
To analyze Centene Corp.'s days of sales outstanding (DSO) trend, we observe fluctuations in DSO over the past eight quarters. DSO measures the average number of days it takes for the company to collect revenue after a sale is made, indicating the efficiency of its accounts receivable management.
In Q1 2022, the DSO was relatively high at 44.31 days, suggesting a slower collection process. However, from Q2 2022 to Q4 2022, there was a consistent improvement in DSO, indicating enhanced efficiency in collecting receivables, with the DSO decreasing to 33.51 days by Q4 2022.
In Q1 2023, there was a slight increase in DSO to 37.96 days, indicating a potential delay in receivables collection. Nevertheless, this was followed by a decrease in DSO over the next two quarters, reaching a low of 33.56 days in Q2 2023, which suggests an improvement in the collection process.
It is noteworthy that in Q3 2023, there was a slight uptick in DSO to 37.70 days, followed by a decrease in Q4 2023 to 36.81 days. These fluctuations may indicate some variability in the efficiency of the company's accounts receivable management during these quarters.
Overall, despite some fluctuations, the trend in Centene Corp.'s DSO over the past eight quarters generally shows improvement in accounts receivable management efficiency, with periodic variations that may require further analysis to identify underlying causes.
Peer comparison
Dec 31, 2023