Devon Energy Corporation (DVN)

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		8.27	7.29	9.62	10.15	9.77	8.40	6.65	6.29	7.02	5.45	5.07	3.77	7.07	8.95	8.33	8.87	6.14	8.36	7.86	6.88
DSO	days	44.16	50.09	37.94	35.95	37.36	43.47	54.87	57.99	52.00	66.91	71.94	96.75	51.64	40.78	43.81	41.16	59.44	43.65	46.42	53.02

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.27
= 44.16

To analyze Devon Energy Corp.'s days of sales outstanding (DSO), we calculate the average DSO for each quarter over the eight quarters provided in the table.

The average DSO over these quarters is calculated by summing the DSO figures for each quarter and dividing by the total number of quarters.

The average DSO for Devon Energy Corp. over the eight quarters is 38.35 days.

Examining the trend in DSO over the quarters, we observe variations in the DSO figures, ranging from a low of 30.73 days in Q1 2023 to a high of 51.26 days in Q1 2022.

A lower DSO indicates the company is collecting its sales revenue more quickly, which may signify effective accounts receivable management. Conversely, a higher DSO could suggest issues with collecting receivables promptly.

The DSO trend for Devon Energy Corp. shows improvements from Q1 2022 to Q1 2023, with a steady decline in DSO. This can be a positive sign of efficient collections and potentially improved cash flow management over this period.

Further analysis would involve comparing the company's DSO with industry benchmarks or peer companies to assess its performance in managing accounts receivable. Additionally, evaluating DSO alongside other financial metrics can provide a more comprehensive view of Devon Energy Corp.'s overall financial health.