California Resources Corp (CRC)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 7.51 | 11.92 | 7.34 | 7.71 | 9.51 | |
| DSO | days | 48.62 | 30.62 | 49.75 | 47.34 | 38.38 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.51
= 48.62
California Resources Corp's Days of Sales Outstanding (DSO) measures the average number of days it takes for the company to collect its accounts receivable.
From 2019 to 2024, the trend in DSO for California Resources Corp has shown fluctuations. In 2019, the DSO was reported at 38.38 days, which increased to 47.34 days by the end of 2021. Subsequently, in 2022, the DSO rose further to 49.75 days. However, there was a significant improvement in the company's collection efficiency by the end of 2023, with the DSO decreasing to 30.62 days.
Nevertheless, by the end of 2024, the DSO increased again to 48.62 days, closing the period with higher days of outstanding sales compared to the previous year. This indicates a potential delay in the company's collections process, which may have negative implications for its cash flow management and liquidity in the short term, requiring further analysis.
Peer comparison
Dec 31, 2024