CNX Resources Corp (CNX)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		25.64	3.56	2.23	8.37	9.17
DSO	days	14.24	102.64	163.56	43.60	39.79

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 25.64
= 14.24

The days of sales outstanding (DSO) for CNX Resources Corp have shown a decreasing trend over the past five years. In 2023, the DSO is 14.24 days, significantly lower than the previous year's DSO of 32.98 days. This indicates that the company is collecting its accounts receivable more efficiently, converting sales into cash at a faster rate.

Compared to 2021 and 2020, where the DSO was 51.80 days and 50.55 days respectively, the current DSO of 14.24 days reflects a notable improvement in the company's collection processes. This reduction in DSO suggests that CNX Resources Corp has been successful in managing its accounts receivable and has become more effective in collecting payments from its customers in a timelier manner.

Furthermore, the downward trend in DSO over the years indicates a positive trend in the company's liquidity and working capital management. A lower DSO implies that CNX Resources Corp is able to convert its sales into cash quicker, which could potentially lead to improved cash flow and financial performance.

Overall, the decreasing trend in days of sales outstanding for CNX Resources Corp reflects a positive development in the company's ability to manage its accounts receivable efficiently and enhance its overall financial health.