EOG Resources Inc (EOG)

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		8.91	8.39	11.45	11.31	8.95	7.28	5.94	5.89	7.98	7.23	6.44	5.48	7.25	10.92	15.31	12.44	8.68	9.15	9.05	8.01
DSO	days	40.99	43.52	31.87	32.28	40.77	50.11	61.41	61.95	45.72	50.52	56.69	66.67	50.35	33.42	23.84	29.33	42.04	39.91	40.34	45.56

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.91
= 40.99

To analyze EOG Resources, Inc.'s days of sales outstanding (DSO) based on the provided data, we observe a fluctuating trend over the past eight quarters. The DSO values ranged from a low of 36.10 days in Q1 2023 to a high of 54.97 days in Q1 2022.

Overall, the DSO values seem to have decreased in more recent quarters, indicating that EOG Resources, Inc. is collecting its accounts receivable more efficiently. The significant drop from 53.44 days in Q2 2022 to 36.10 days in Q1 2023 suggests an improvement in the company's collection practices or a faster turnover of accounts receivable.

However, it is important to further investigate the reasons behind these fluctuations to determine if the changes are due to improvements in credit policies, changes in customer payment behavior, seasonal factors, or other operational factors. Monitoring DSO trends can provide insights into the company's liquidity, efficiency, and overall financial health.