Comstock Resources Inc (CRK)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		6.61	5.39	2.08	4.53	4.39
DSO	days	55.25	67.76	175.47	80.57	83.09

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.61
= 55.25

Comstock Resources, Inc.'s days of sales outstanding (DSO) have shown a fluctuating trend over the past five years. In 2023, the DSO is 55.31 days, slightly higher than the previous year's 52.44 days but relatively in line with the trend observed in 2021 and 2020. The DSO peaked in 2019 at 89.80 days, indicating a longer time taken to collect sales revenue.

Typically, a lower DSO value is favorable as it indicates that the company is collecting its accounts receivable more quickly. However, it is essential to assess the DSO in conjunction with industry benchmarks and historical data to gain a comprehensive understanding of Comstock Resources, Inc.'s efficiency in managing its accounts receivable and cash flow.