Dorian LPG Ltd (LPG)
Days of sales outstanding (DSO)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 10.58 | 5.10 | 4.68 | 5.60 | 4.93 | |
| DSO | days | 34.51 | 71.50 | 78.05 | 65.15 | 74.08 |
March 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 10.58
= 34.51
Dorian LPG Ltd has shown an improving trend in its Days Sales Outstanding (DSO) over the past five years. The DSO has decreased from 74.08 days in 2020 to 34.51 days in 2024, indicating that the company is collecting its receivables more efficiently. This reduction in DSO could signify improved management of accounts receivable and a more effective credit collection process. It is also a positive indicator of the company's liquidity and cash flow management. Overall, the decreasing trend in DSO for Dorian LPG Ltd suggests a healthier financial position and effective working capital management.