Corning Incorporated (GLW)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 8.01 | 8.24 | 7.03 | 5.30 | 6.27 | |
| DSO | days | 45.58 | 44.27 | 51.94 | 68.88 | 58.26 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.01
= 45.58
The days of sales outstanding (DSO) measure for Corning, Inc. has shown fluctuations over the past five fiscal years. The DSO decreased from 58.26 days in 2019 to 44.27 days in 2022, indicating an improvement in the company's ability to collect its accounts receivables more efficiently. However, in 2023, the DSO slightly increased to 45.58 days.
Comparing the most recent DSO to that of 2020 and 2021, the company has shown better performance in managing its accounts receivable turnover. In 2020, the DSO was notably higher at 68.88 days, gradually decreasing in 2021 to 51.94 days and further improving in 2022.
While the fluctuations in DSO may be influenced by various factors such as changes in credit policies, sales volume, and industry trends, the recent increase in DSO in 2023 could suggest a potential slowdown in collections or changes in customer payment behavior. It would be essential for Corning, Inc. to monitor and address any emerging trends to ensure optimal cash flow management and liquidity in the future.
Peer comparison
Dec 31, 2023