Delta Air Lines Inc (DAL)

Days of sales outstanding (DSO)

		Dec 31, 2024	Sep 30, 2024	Jun 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
Receivables turnover		19.04	16.86	15.60	15.52	18.26	17.53	17.54	16.41	15.57	14.66	13.05	11.07	11.81	10.46	7.51	6.23	11.58	15.97	24.52	19.69
DSO	days	19.17	21.65	23.40	23.51	19.99	20.82	20.81	22.24	23.44	24.89	27.96	32.97	30.91	34.88	48.61	58.60	31.52	22.86	14.89	18.53

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 19.04
= 19.17

Days Sales Outstanding (DSO) is a crucial ratio that indicates the average number of days it takes for a company to collect on its accounts receivable. In the case of Delta Air Lines Inc, the historical DSO trend indicates varying collection efficiencies over time.

From the data provided:
- The DSO for Delta Air Lines Inc decreased from 18.53 days on March 31, 2020, to 14.89 days on June 30, 2020, showing an improvement in the collection of receivables.
- However, the DSO increased significantly to 58.60 days on March 31, 2021, and continued to fluctuate between 20 and 50 days throughout 2021 and 2022.
- A notable improvement was observed towards the end of 2023, with the DSO declining to 19.99 days on December 31, 2023.
- In 2024, the DSO remained relatively stable around 20-25 days, indicating a more consistent collection period for accounts receivable.

Overall, the DSO trend for Delta Air Lines Inc has shown fluctuations but generally indicates a trend towards a more efficient collection of receivables in recent years, with notable improvements and stabilizations in the later years of the analyzed period.