CVR Energy Inc (CVI)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 24.87 | 32.33 | 28.67 | 22.28 | 17.70 | |
| DSO | days | 14.68 | 11.29 | 12.73 | 16.38 | 20.62 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 24.87
= 14.68
The days of sales outstanding (DSO) for CVR Energy Inc have improved over the years, indicating a more efficient accounts receivable management. As of December 31, 2020, the DSO was at 20.62 days, showing a slight decrease to 16.38 days by December 31, 2021. This trend of improvement continued with DSO decreasing to 12.73 days by December 31, 2022, and a further drop to 11.29 days by December 31, 2023. However, there was a slight increase to 14.68 days by December 31, 2024, which may suggest a potential slowdown in collecting receivables for that period. Overall, the decreasing trend in DSO indicates that CVR Energy Inc has been effectively managing its accounts receivable, but the slight increase in 2024 warrants monitoring to ensure efficient cash flow management in the future.
Peer comparison
Dec 31, 2024