The Coca-Cola Company (KO)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		13.42	12.33	11.01	10.50	9.38
DSO	days	27.20	29.60	33.16	34.76	38.89

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 13.42
= 27.20

The Days of Sales Outstanding (DSO) for Coca-Cola Co have shown a declining trend over the past five years, reflecting an improvement in the company's ability to collect accounts receivable efficiently.

As of December 31, 2023, the DSO stood at 27.20 days, a decrease from 29.60 days in the previous year. This indicates that, on average, it takes Coca-Cola Co approximately 27.20 days to collect revenue from its customers.

Comparing this to historical data, there has been a consistent decrease in DSO from 38.89 days in 2019 to the current 27.20 days in 2023. This trend suggests that the company has been managing its receivables more effectively, potentially through improved credit policies or more efficient collection processes.

Overall, the declining trend in DSO for Coca-Cola Co is a positive indicator of the company's financial health and operational efficiency in managing its accounts receivable.