Evergy Inc. Common Stock (EVRG)

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		12.58	11.44	12.15	16.91	11.15	9.69	9.04	15.38	13.62	9.56	8.02	10.55	9.55	8.94	7.32	11.66	22.53	19.40	18.75	29.69
DSO	days	29.01	31.91	30.04	21.58	32.74	37.67	40.39	23.74	26.81	38.19	45.52	34.59	38.24	40.82	49.88	31.30	16.20	18.81	19.46	12.29

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 12.58
= 29.01

Based on the data provided, Evergy Inc's Days of Sales Outstanding (DSO) has fluctuated over the past eight quarters. DSO measures the average number of days it takes for a company to collect revenue after a sale is made.

In Q1 2022, Evergy had the lowest DSO at 13.00 days, indicating the company was efficiently collecting its accounts receivable. However, there was a significant increase in Q3 2022 and Q4 2022, with DSO reaching 25.94 days, implying a slower collection of receivables during that period.

In Q1 2023, Evergy's DSO decreased to 12.76 days, suggesting an improvement in the company's ability to collect payments from customers promptly. However, this efficiency was not sustained in the following quarters, as DSO increased in Q2 2023 and Q3 2023 to 20.07 days and 22.49 days, respectively.

Overall, Evergy Inc's DSO has shown variability, with fluctuations indicating possible challenges in managing accounts receivable effectively. It would be beneficial for the company to closely monitor and control its DSO to ensure timely collection of revenue and maintain healthy cash flows.