Koppers Holdings Inc (KOP)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 10.29 | 8.97 | 8.96 | 9.19 | 10.32 | |
| DSO | days | 35.46 | 40.67 | 40.73 | 39.72 | 35.38 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 10.29
= 35.46
Koppers Holdings Inc's Days of Sales Outstanding (DSO) has shown a fluctuating trend over the past five years. The DSO was 34.29 days as of December 31, 2023, reflecting a slight improvement compared to the previous year. This indicates that on average, it takes around 34.29 days for the company to collect its accounts receivable.
In 2022, the DSO was 39.75 days, which was consistent with the DSO in 2021. This suggests that the company maintained a stable collection period during these two years. However, in 2020, the DSO decreased slightly to 38.55 days from 39.75 days in 2019, indicating a relatively more efficient accounts receivable collection process in that year.
Overall, Koppers Holdings Inc has managed to keep its DSO within a relatively consistent range over the past five years, with some fluctuations. It is essential for the company to monitor and manage its DSO effectively to ensure timely collection of accounts receivable and maintain healthy cash flows.
Peer comparison
Dec 31, 2023