Liberty Oilfield Services Inc (LBRT)

Days of sales outstanding (DSO)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Receivables turnover		23.30	24.29	19.87	20.78	25.13	23.54	24.12	6.30	7.08	5.22	5.45	5.27	6.06	4.71	3.38	3.07	2.85	7.66	21.51	5.74
DSO	days	15.67	15.03	18.37	17.56	14.52	15.51	15.13	57.90	51.55	69.93	67.00	69.27	60.19	77.56	108.01	119.01	127.99	47.65	16.97	63.55

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 23.30
= 15.67

The days of sales outstanding (DSO) for Liberty Oilfield Services Inc have shown fluctuating trends over the years based on the provided data. DSO represents the average number of days it takes a company to collect payment after making a sale.

In the recent quarters, there has been a general trend of decreasing DSO values, indicating that the company has been able to collect payments more quickly from its customers. For example, the DSO decreased from 127.99 days on December 31, 2020, to 15.13 days on June 30, 2023, showcasing a significant improvement in collection efficiency.

However, it is worth noting that there were slight fluctuations in DSO values in some quarters, such as an increase from 60.19 days on December 31, 2021, to 69.27 days on March 31, 2022, before decreasing again in the following quarters.

Overall, the decreasing trend in DSO reflects positively on the company's ability to manage its accounts receivable effectively, improve cash flow, and potentially reduce the risk of bad debts.