Chart Industries Inc (GTLS)
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 | 4.00 | 3.42 | 2.78 | 2.29 | 3.11 | 5.57 | 5.22 | 5.42 | 5.53 | 5.23 | 5.37 | 6.25 | 5.93 | 7.46 | 7.07 | 6.70 | 6.32 | 5.47 | 5.60 | 7.19 | |
| DSO | days | 91.33 | 106.58 | 131.23 | 159.43 | 117.42 | 65.54 | 69.87 | 67.29 | 65.96 | 69.72 | 67.98 | 58.39 | 61.57 | 48.93 | 51.62 | 54.47 | 57.74 | 66.71 | 65.12 | 50.74 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.00
= 91.33
The Days of Sales Outstanding (DSO) for Chart Industries Inc have shown fluctuations over the past eight quarters. In Q4 2023, the DSO stood at 135.07 days, showing an improvement from the previous quarter's 155.00 days. Despite the improvement, the DSO remains higher than the levels seen in the same quarter of the previous year (Q4 2022) when it was at 93.29 days.
The trend over the past year indicates a gradual increase in DSO, with Q1 2023 recording the highest DSO of 231.59 days. This may suggest a potential issue with the company's accounts receivable management, as customers are taking longer to pay their outstanding invoices.
Comparing the most recent quarter (Q4 2023) to the same quarter a year ago (Q4 2022), there has been an increase in DSO, indicating a potential slowdown in the collection of receivables. It is important for Chart Industries Inc to closely monitor and address this trend to ensure efficient cash flow management and timely collection of revenues.