California Resources Corp (CRC)

Days of sales outstanding (DSO)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Receivables turnover		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	9.51	12.51	13.88	10.62
DSO	days	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	38.38	29.18	26.29	34.35

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 11.92
= 30.62

To analyze California Resources Corporation's Days Sales Outstanding (DSO) over the past five quarters, we can see fluctuations in the collection period for accounts receivable. In Q4 2023, the DSO decreased to 28.15 days from 32.17 days in Q3 2023, indicating a faster collection of receivables. This could be a positive sign of efficient credit management or timely payment by customers.

Comparing Q4 2023 to Q2 2023, the DSO increased significantly from 19.52 days to 28.15 days. This rise suggests a longer collection period and may raise concerns about potential issues in accounts receivable management or an increase in credit risk exposure.

In Q1 2023, the DSO was at 25.40 days, showing a slight increase from Q4 2022's 43.96 days. The decrease in DSO from Q4 2022 to Q1 2023 indicates an improvement in the company's ability to collect receivables more promptly compared to the previous quarter.

Overall, while there have been fluctuations in California Resources Corporation's DSO over the past five quarters, it is essential to monitor trends closely to ensure efficient management of accounts receivable and timely cash flow generation.