California Resources Corp (CRC)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 11.92 | 7.34 | 7.71 | 9.51 | 10.25 | |
| DSO | days | 30.62 | 49.75 | 47.34 | 38.38 | 35.62 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 11.92
= 30.62
The Days of Sales Outstanding (DSO) for California Resources Corporation have shown a decreasing trend over the past three years. In 2023, the DSO decreased significantly to 28.15 days from 43.96 days in 2022 and 47.34 days in 2021. This improvement indicates that the company has been able to collect its accounts receivable more efficiently, turning sales into cash at a faster rate. A lower DSO suggests that the company's credit and collection policies are effective, resulting in improved liquidity and cash flow. The decreasing DSO trend is a positive indicator of the company's financial health and operational efficiency in managing its receivables.
Peer comparison
Dec 31, 2023