Crescent Energy Co (CRGY)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | — | — | — | — | — | — | 6.68 | 7.13 | 5.67 | ||||
| DSO | days | — | — | — | — | — | — | 54.66 | 51.21 | 64.40 |
September 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
The Days Sales Outstanding (DSO) ratio for Crescent Energy Co has been fluctuating over the past few quarters. The trend indicates how long it takes for the company to collect its accounts receivables.
In the most recent quarter, the DSO figure is missing. Looking back at the previous quarters, we observe that the DSO was 54.66 days in the first quarter of 2023 and 51.21 days in the second quarter of 2023. This decrease suggests a more efficient collection process during that period.
The DSO increased to 64.40 days in the third quarter of 2022, indicating a potential slowdown in collecting receivables compared to the previous quarter, which could be a red flag for liquidity management.
It would be important to see the missing data points and the most recent figures to comprehensively evaluate the company's trend in managing its accounts receivables effectively. Additionally, benchmarking these DSO figures against industry peers could provide further insights into Crescent Energy Co's performance in this aspect.
Peer comparison
Sep 30, 2024