CVR Energy Inc (CVI)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 32.33 | 28.67 | 22.28 | 17.70 | 34.97 | |
| DSO | days | 11.29 | 12.73 | 16.38 | 20.62 | 10.44 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 32.33
= 11.29
The Days Sales Outstanding (DSO) for CVR Energy Inc has shown a varying trend over the past five years. The DSO decreased from 16.53 days in 2020 to 11.29 days in 2023, indicating an improvement in the company's ability to collect its accounts receivable more efficiently. The DSO remained relatively stable around 10-12 days in 2019, 2022, and 2023, suggesting consistent performance in managing accounts receivable turnover.
Overall, the decreasing trend in DSO from 2020 to 2023 reflects positive developments in CVR Energy Inc's receivables management, potentially leading to improved cash flow and liquidity. It is essential to continue monitoring DSO to ensure timely collections and efficient working capital management.
Peer comparison
Dec 31, 2023