Duke Energy Corporation (DUK)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 6.07 | 5.77 | 6.71 | 6.97 | 7.81 | |
| DSO | days | 60.15 | 63.26 | 54.41 | 52.35 | 46.76 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.07
= 60.15
To analyze Duke Energy Corp.'s Days of Sales Outstanding (DSO) over the past five years, we can observe a slight fluctuation in the metric.
In 2019, the company had a DSO of 44.54 days, indicating that on average, it took approximately 44.54 days to collect revenues from its customers. This number increased to 48.22 days in 2020, suggesting a slight delay in collections.
However, in 2021, the DSO decreased to 52.50 days, only to drop further to 56.02 days in 2022, signifying a lengthening of the collection period.
In the latest year, 2023, the DSO improved to 51.89 days, showing a slight enhancement in the collection efficiency compared to the previous year.
Overall, the trend in Duke Energy Corp.'s DSO indicates some variability in the company's collection efficiency over the years, with efforts made in 2023 to reduce the DSO compared to the prior year.
Peer comparison
Dec 31, 2023