Koppers Holdings Inc (KOP)
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 | 10.29 | 8.51 | 7.94 | 8.22 | 8.97 | 7.99 | 7.63 | 7.56 | 8.96 | 8.19 | 7.96 | 8.37 | 9.19 | 8.30 | 8.63 | 9.36 | 10.40 | 9.71 | 8.04 | 8.88 | |
| DSO | days | 35.46 | 42.87 | 45.97 | 44.41 | 40.67 | 45.66 | 47.85 | 48.26 | 40.73 | 44.57 | 45.83 | 43.61 | 39.72 | 43.96 | 42.28 | 38.99 | 35.09 | 37.61 | 45.41 | 41.10 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 10.29
= 35.46
The days of sales outstanding (DSO) for Koppers Holdings Inc have shown fluctuations over the past eight quarters. In Q4 2023, the DSO stood at 34.29 days, marking a decrease from the previous quarter's 41.54 days. This suggests that the company was able to collect its accounts receivable more efficiently in the most recent quarter.
Looking further back, the DSO figures in Q3 and Q2 2023 were 41.54 days and 44.70 days, respectively, showing a trend of increased DSO in the earlier part of the year. However, Q2 2023's DSO decreased from Q1 2023's 43.34 days, indicating improvement in collections efficiency during that period.
Comparing to the same quarter of the previous year, Q4 2023's DSO of 34.29 days was lower than Q4 2022's 39.75 days, reflecting better receivables management year-over-year. Additionally, this improvement is consistent with the declining DSO trend observed in the past few quarters.
Overall, the recent decrease in DSO suggests that Koppers Holdings Inc has been managing its accounts receivable effectively, which is a positive indicator of efficient cash flow and potentially improved liquidity.
Peer comparison
Dec 31, 2023