Halliburton Company (HAL)

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		4.74	4.46	4.53	4.18	4.38	4.11	3.98	4.00	4.17	4.05	3.87	3.96	4.65	5.16	5.62	4.44	4.90	4.38	4.17	4.27
DSO	days	77.06	81.80	80.53	87.41	83.37	88.85	91.79	91.33	87.46	90.23	94.40	92.22	78.49	70.72	64.92	82.18	74.55	83.39	87.51	85.53

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.74
= 77.06

Halliburton Co.'s days of sales outstanding (DSO) have shown fluctuations over the past eight quarters. In Q4 2023, the company had a DSO of 77.07 days, slightly lower compared to the previous quarter. This indicates that, on average, it took Halliburton Co. approximately 77 days to collect payments from its customers for sales made during that period.

Overall, the trend in DSO seems to have been decreasing slightly over the past two quarters, which could indicate an improvement in the company's accounts receivable management. However, the DSO remains higher than the low point seen in Q2 2022.

It is worth noting that the DSO metric can be influenced by various factors, including the company's credit policies, the efficiency of its collections process, and changes in customer payment behavior. Investors and analysts should continue to monitor Halliburton Co.'s DSO performance in relation to industry benchmarks and historical trends to assess its effectiveness in managing accounts receivable and cash flow.