CVR Energy Inc (CVI)

Days of sales outstanding (DSO)

		Dec 31, 2024	Sep 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	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Receivables turnover		25.64	29.96	34.87	32.33	30.77	33.00	32.75	28.67	32.28	22.76	23.09	22.28	26.03	22.95	18.86	17.70	32.92	33.76	39.53	34.97
DSO	days	14.24	12.18	10.47	11.29	11.86	11.06	11.14	12.73	11.31	16.04	15.81	16.38	14.02	15.91	19.35	20.62	11.09	10.81	9.23	10.44

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 25.64
= 14.24

The Days Sales Outstanding (DSO) is a measure of how quickly a company collects its accounts receivable. Lower DSO values indicate that the company is collecting payments more quickly, which is generally seen as positive. Based on the data provided for CVR Energy Inc:

- The DSO was relatively stable in 2019 and 2020, ranging from around 9 to 11 days.
- There was a significant increase in DSO by the end of 2020 and in early 2021, reaching over 19 days. This suggests that the company took longer to collect its receivables during this period.
- Subsequently, there was a gradual improvement in DSO from mid-2021 to mid-2023, with values ranging between 10 and 16 days.
- By the end of 2023 and into 2024, the DSO remained relatively consistent, fluctuating between 10 and 14 days.

Overall, the trend in DSO for CVR Energy Inc indicates some fluctuations but generally shows a pattern of maintaining a reasonable collection period for its accounts receivable, with some variations in efficiency over the years.