Consolidated Communications (CNSL)

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		9.14	10.52	11.33	10.74	9.94	10.45	10.50	10.55	9.45	9.36	9.79	10.09	9.33	10.98	11.29	10.81	11.14	10.73	10.22	10.44
DSO	days	39.91	34.71	32.22	33.98	36.72	34.93	34.75	34.61	38.61	38.99	37.30	36.17	39.11	33.23	32.34	33.75	32.77	34.03	35.71	34.96

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.14
= 39.91

To analyze Consolidated Communications Holdings Inc's days of sales outstanding (DSO) trend, we observe a consistent decrease in DSO from Q1 2022 to Q2 2023. The company's DSO was 35.21 days in Q1 2022, gradually decreasing to 34.35 days in Q2 2023. This signifies an improvement in the company's efficiency in converting its accounts receivable into cash.

However, there was a slight increase in DSO in Q4 2023 compared to the previous quarter, with DSO at 40.79 days. This may indicate a potential slowdown in collecting payments from customers during this period. It is essential for the company to monitor and manage its accounts receivable effectively to ensure timely collections and optimize cash flow.

Overall, despite the slight increase in Q4 2023, Consolidated Communications Holdings Inc has shown positive progress in managing its DSO over the past quarters, reflecting improved efficiency in collecting receivables. Continued focus on maintaining a lower DSO can help enhance the company's liquidity and financial performance in the future.