Corteva Inc (CTVA)
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 | 3.14 | 2.64 | 2.20 | 2.04 | 3.06 | 2.73 | 2.40 | 2.21 | 3.25 | 2.64 | 2.19 | 2.13 | 2.89 | 2.49 | 2.07 | 2.13 | 2.50 | ||||
| DSO | days | 116.28 | 138.50 | 165.63 | 178.57 | 119.21 | 133.83 | 151.81 | 165.16 | 112.17 | 138.05 | 166.66 | 171.69 | 126.47 | 146.78 | 176.04 | 171.66 | 145.73 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.14
= 116.28
Corteva Inc's Days Sales Outstanding (DSO) is a metric used to measure the average number of days it takes for the company to collect payment after making a sale. A lower DSO indicates that the company is collecting payments more quickly, while a higher DSO suggests that it is taking longer for customers to pay their invoices.
Analyzing the historical DSO trend of Corteva Inc, we observe fluctuations over the past eight quarters. In Q1 2022, the DSO was relatively high at 165.16 days, indicating a slower collection of payments. Subsequently, there was a decrease in DSO over the next two quarters, reaching a low of 119.21 days in Q4 2022, suggesting an improvement in collections efficiency.
However, this trend reversed in Q1 2023, with the DSO increasing to 178.57 days, which indicates that Corteva Inc took longer to collect payment for sales made during that period. The DSO continued to fluctuate over the next three quarters, with values of 165.63 days, 138.50 days, and 116.28 days for Q2 2023, Q3 2023, and Q4 2023, respectively.
Overall, the DSO trend of Corteva Inc demonstrates some variability, reflecting potential challenges in managing accounts receivable and collecting payments from customers consistently. It is important for the company to closely monitor and manage its DSO to ensure efficient working capital management and liquidity.
Peer comparison
Dec 31, 2023