CNX Resources Corp (CNX)

Days of sales outstanding (DSO)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Receivables turnover		6.42	13.77	13.82	18.88	25.64	44.91	35.48	23.92	8.42	5.45	6.95	11.72	8.27	8.20	9.37	8.35	8.37	13.99	8.36	9.45
DSO	days	56.88	26.50	26.40	19.33	14.24	8.13	10.29	15.26	43.33	66.94	52.51	31.15	44.16	44.49	38.96	43.71	43.60	26.10	43.64	38.62

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.42
= 56.88

The days of sales outstanding (DSO) for CNX Resources Corp have varied over the reported periods. The DSO is a measure of how long it takes for a company to collect its accounts receivable.

From March 31, 2020, to September 30, 2021, the DSO ranged from 26.10 days to 44.49 days, indicating some fluctuations in the company's collection efficiency. The DSO then spiked to 66.94 days on September 30, 2022, before dropping back to 8.13 days on September 30, 2023, and gradually increasing to 56.88 days by December 31, 2024.

The significant fluctuations in DSO could be attributed to various factors such as changes in credit terms, collection policies, economic conditions, or customer payment behaviors. It is essential for CNX Resources Corp to effectively manage its accounts receivable to maintain a healthy cash flow position and optimize its working capital management. Monitoring and analyzing DSO trends can provide insights into the company's overall liquidity and efficiency in collecting outstanding payments.