Duke Energy Corporation (DUK)

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		6.07	14.37	12.21	12.51	5.77	11.98	11.83	11.35	6.71	12.29	12.62	8.46	6.92	6.96	7.52	8.62	7.81	7.04	7.44	8.00
DSO	days	60.15	25.40	29.90	29.17	63.26	30.46	30.84	32.17	54.41	29.70	28.92	43.15	52.71	52.44	48.52	42.33	46.76	51.85	49.03	45.64

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.07
= 60.15

Days of Sales Outstanding (DSO) is a key financial ratio that measures the average number of days it takes for a company to collect payment after making a sale. A lower DSO indicates faster collections, which is generally favorable as it signifies efficient cash flow management.

Analyzing Duke Energy Corp.'s DSO over the past eight quarters, we observe a general trend of decreasing DSO from Q4 2022 to Q2 2023, followed by a slight increase in Q3 and Q4 2023. In Q1 2023, Duke Energy Corp. had the lowest DSO of 46.33 days, indicating an improvement in its accounts receivable turnover efficiency.

The increase in DSO in Q3 and Q4 2023 compared to the previous quarters may suggest potential challenges in collecting payments from customers promptly. It could be a cause for further investigation to understand the reasons behind the slower collections and to ensure it does not impact the company's cash flow position negatively.

Overall, Duke Energy Corp.'s DSO trend demonstrates fluctuations in its accounts receivable management efficiency, emphasizing the need for continuous monitoring and potential improvements to optimize cash flow and working capital performance.