EOG Resources Inc (EOG)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 8.91 | 8.95 | 7.98 | 7.25 | 8.68 | |
| DSO | days | 40.99 | 40.77 | 45.72 | 50.36 | 42.04 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.91
= 40.99
The days of sales outstanding (DSO) metric for EOG Resources, Inc. has shown a slight fluctuation over the five-year period from 2019 to 2023. In 2019, the DSO was 45.55 days, which decreased to 50.91 days in 2020, indicating a longer time taken to convert sales into cash receipts. However, the trend reversed in the following years, with the DSO decreasing to 45.76 days in 2021, further declining to 40.89 days in 2022, and then slightly increasing to 41.15 days by the end of 2023.
Overall, the trend suggests that EOG Resources, Inc. has been relatively effective in managing its accounts receivable turnover and collecting payments from customers in a timely manner over the years. However, the modest increase in DSO in 2023 compared to the previous year may warrant further investigation to ensure the company's receivables management remains efficient and effective.
Peer comparison
Dec 31, 2023