Corning Incorporated (GLW)
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 | 8.01 | 7.54 | 7.95 | 8.11 | 8.24 | 8.93 | 8.17 | 7.58 | 7.03 | 6.51 | 6.39 | 6.42 | 5.30 | 5.13 | 6.25 | 6.49 | 6.27 | 5.79 | 5.61 | 5.88 | |
| DSO | days | 45.58 | 48.43 | 45.89 | 45.01 | 44.27 | 40.89 | 44.69 | 48.17 | 51.94 | 56.09 | 57.13 | 56.83 | 68.88 | 71.14 | 58.38 | 56.26 | 58.26 | 63.03 | 65.08 | 62.10 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.01
= 45.58
The days of sales outstanding (DSO) for Corning, Inc. have shown some fluctuations over the past eight quarters. In Q4 2023, the DSO was 45.58 days, slightly lower compared to the previous quarter's 48.43 days in Q3 2023. This indicates that the company took fewer days to collect its accounts receivable in Q4 2023.
Looking at the trend over the past two years, the DSO has generally been within a range of mid-40s to high-40s days, with some seasonal variations. There was a notable decrease in DSO in Q3 2022 to 40.89 days, suggesting an improvement in the company's collection efficiency, but it increased again in the following quarters.
Overall, the DSO trend indicates that Corning, Inc. has been managing its accounts receivable collection effectively, with some fluctuations in performance. It is important for the company to continue monitoring its DSO to ensure efficient cash flow management and timely collection of receivables.
Peer comparison
Dec 31, 2023
See also:
Corning Incorporated Average Receivable Collection Period (Quarterly Data)