Hess Corporation (HES)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | — | — | — | — | — | |
| DSO | days | — | — | — | — | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
Based on the data provided, Hess Corporation's Days of Sales Outstanding (DSO) have shown inconsistent trends over the past five years.
In 2019, the DSO was relatively high at 65.75 days, indicating that on average, it took the company about 65.75 days to collect its accounts receivable.
In 2020, there was a slight increase in DSO to 67.26 days, which may suggest potential issues in managing accounts receivable efficiently.
However, in 2021, there was a significant improvement as DSO decreased to 59.15 days, indicating that the company was able to collect its accounts receivable more quickly compared to the previous year.
The trend continued in 2022 with a further decrease in DSO to 37.45 days, reflecting improved efficiency in collecting outstanding payments from customers.
By the end of 2023, the DSO increased slightly to 46.18 days, which might indicate a longer time required to collect accounts receivable compared to the previous year.
Overall, while there have been fluctuations in Hess Corporation's DSO over the years, the company seems to have made some progress in managing its accounts receivable more effectively in recent years. It is important for the company to continue monitoring and improving its DSO to ensure efficient cash flow management.
Peer comparison
Dec 31, 2023