CVR Energy Inc (CVI)

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		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	36.09	40.75	35.91
DSO	days	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	10.11	8.96	10.16

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 32.33
= 11.29

The days of sales outstanding (DSO) for CVR Energy Inc have shown slight fluctuations over the past eight quarters. In Q4 2023, the DSO stood at 11.29 days, a decrease from the previous quarter's 11.86 days. This indicates that the company was able to collect its accounts receivable more efficiently in the most recent quarter.

Compared to the same quarter the previous year (Q4 2022), there was also an improvement in DSO from 11.99 days to 11.29 days, reflecting better management of accounts receivable.

Looking at the trend over the quarters, we can see that DSO has generally been well-controlled and within a relatively narrow range of around 11 to 16 days. However, there was a spike in Q2 2022, where the DSO peaked at 16.04 days before decreasing in the subsequent quarter.

Overall, CVR Energy Inc's DSO trend indicates that the company has been effective in managing its accounts receivable and collecting sales revenues in a timely manner, with only minor fluctuations observed over the analyzed quarters.