California Resources Corp (CRC)

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		7.51	8.49	8.83	8.52	11.92	10.17	15.84	12.82	7.34	8.28	6.24	5.58	7.71	5.39	5.16	5.97	7.97	12.05	16.21	18.64
DSO	days	48.62	43.00	41.35	42.86	30.62	35.88	23.04	28.46	49.75	44.06	58.48	65.43	47.34	67.71	70.74	61.14	45.82	30.29	22.51	19.58

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.51
= 48.62

Days Sales Outstanding (DSO) is a key financial ratio that measures the average number of days it takes for a company to collect revenue after a sale is made. For California Resources Corp, the DSO trend over the past several quarters shows fluctuations in their collection efficiency.

Analyzing the data provided, we observe that the company's DSO has varied over time, ranging from as low as 19.58 days on March 31, 2020, to as high as 70.74 days on June 30, 2021. Notably, there was a significant increase in DSO from March 31, 2021 (61.14 days) to June 30, 2021 (70.74 days), indicating a potential delay in collecting revenues during that period.

Subsequently, the DSO improved to 44.06 days on September 30, 2022, suggesting a better collection process. However, it increased slightly to 49.75 days by December 31, 2022. Thereafter, the company managed to decrease its DSO to 23.04 days by June 30, 2023, signaling a more efficient collection of sales.

The DSO continued to fluctuate in the following quarters, with values ranging between 30.62 days and 48.62 days towards the end of 2024. It is essential for California Resources Corp to monitor and manage its DSO effectively to ensure timely collection of revenues and maintain healthy cash flow levels.

Overall, the analysis of California Resources Corp's DSO indicates the company's ability to collect sales revenue efficiently, with fluctuations reflecting changes in its collection processes and performance over the quarters.