Devon Energy Corporation (DVN)

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		6.77	7.35	8.27	7.75	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
DSO	days	53.93	49.67	44.15	47.11	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

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.77
= 53.93

Devon Energy Corporation's Days Sales Outstanding (DSO) measures the average number of days it takes for the company to collect on its accounts receivable.

Analyzing the historical trend of Devon Energy Corporation's DSO reveals fluctuations over time. The DSO decreased from 41.16 days as of March 31, 2020, to a low of 35.95 days as of March 31, 2023, indicating the company was able to collect payments more efficiently during this period.

However, the DSO trend reversed in the subsequent quarters, with an increase to 53.93 days by December 31, 2024. This could indicate potential challenges in collections efficiency or changes in the company's customer payment behavior.

Overall, monitoring DSO trends can provide insights into Devon Energy Corporation's liquidity management and efficiency in collecting accounts receivable. Further analysis and comparison with industry benchmarks would be beneficial to assess the company's performance in this area.