Hess Corporation (HES)

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		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
DSO	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —

To analyze the days of sales outstanding (DSO) for Hess Corporation, we look at the trend over the past eight quarters. DSO measures the average number of days it takes for a company to collect revenue after a sale is made.

From the data provided, we observe that DSO has fluctuated over the quarters, ranging from a low of 34.64 days in Q2 2023 to a high of 70.19 days in Q1 2022. The DSO in Q4 2023 was 46.18 days, showing an improvement from the previous quarter's 51.16 days.

A decreasing DSO suggests that the company is collecting payments from customers more efficiently and quickly, which is a positive indicator of liquidity. Conversely, an increasing DSO could indicate potential issues with collections or extending credit to customers.

Hess Corporation's management should continue monitoring DSO closely to ensure efficient cash flow management and timely collections. Additionally, comparisons with industry averages or competitors can provide further insights into the company's performance in managing accounts receivable.