Corning Incorporated (GLW)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 6.39 | 6.35 | 7.20 | 7.64 | 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 | |
| DSO | days | 57.12 | 57.48 | 50.69 | 47.77 | 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 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.39
= 57.12
Based on the data provided for Corning Incorporated's Days of Sales Outstanding (DSO), we observed the following trends:
1. Trend Analysis: The DSO for Corning has shown some fluctuations over the quarters. It decreased from 56.26 days on March 31, 2020, to 40.89 days on September 30, 2022, signaling an improvement in collecting receivables efficiently. However, the DSO increased to 57.48 days by September 30, 2024.
2. Efficiency in Receivables Management: The decreasing trend in DSO until September 2022 indicates that the company was collecting its accounts receivable at a faster rate, possibly due to improved credit policies or effective collection strategies.
3. Seasonal Variations: There seem to be some seasonal variations in DSO, as evidenced by the fluctuations in different quarters. For instance, the DSO tends to be higher in the fourth quarter compared to the first quarter in most years.
4. Collection Period: On average, Corning took around 48 to 57 days to collect its accounts receivable over the past few years. Lower DSO values suggest that the company is able to convert its credit sales into cash more quickly.
5. Management Efficiency: A decreasing trend in DSO is generally considered positive as it indicates that the company is managing its receivables more efficiently, which can improve cash flows and overall liquidity.
6. Further Analysis: To gain a deeper understanding of the factors impacting DSO, a more detailed analysis of the company's credit policies, customer base, industry norms, and economic conditions would be necessary.
Overall, while there have been fluctuations in Corning's DSO over the quarters, the company has generally shown an improvement in collecting its accounts receivable efficiently, with some variations based on seasonal factors and other external influences.
Peer comparison
Dec 31, 2024
See also:
Corning Incorporated Average Receivable Collection Period (Quarterly Data)