Freeport-McMoran Copper & Gold Inc (FCX)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 13.69 | 12.66 | 13.06 | 10.02 | 12.32 | |
| DSO | days | 26.67 | 28.84 | 27.94 | 36.43 | 29.63 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 13.69
= 26.67
Freeport-McMoRan Inc's Days Sales Outstanding (DSO) has shown fluctuations over the past five years. In 2023, the DSO improved to 26.57 days compared to 28.76 days in 2022. This suggests that the company is collecting its accounts receivable more efficiently in 2023. The lower DSO indicates that Freeport-McMoRan is able to convert its sales into cash at a faster rate, which could be a positive sign of effective credit management or improved collection processes. However, it is essential to monitor the trend over time to ensure consistency and sustainability of this improvement.
Peer comparison
Dec 31, 2023
See also:
Freeport-McMoran Copper & Gold Inc Average Receivable Collection Period