Dorian LPG Ltd (LPG)
Days of sales outstanding (DSO)
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 260.38 | 5.61 | 484.76 | 7.05 | 10.58 | 4.88 | 7.36 | 5.89 | 5.10 | 3.89 | 5.43 | 4.61 | 4.68 | 6.20 | 10.42 | 6.97 | 5.60 | 4.10 | 5.57 | 7.13 | |
| DSO | days | 1.40 | 65.01 | 0.75 | 51.80 | 34.51 | 74.81 | 49.58 | 62.01 | 71.50 | 93.74 | 67.27 | 79.12 | 78.05 | 58.91 | 35.04 | 52.39 | 65.15 | 89.04 | 65.52 | 51.16 |
March 31, 2025 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 260.38
= 1.40
Dorian LPG Ltd's Days Sales Outstanding (DSO) is a measure of how long it takes the company to collect its accounts receivable. Looking at the historical trend of DSO, we can observe fluctuating values over the years.
In June 2020, the DSO was at 51.16 days, indicating the company took approximately 51 days to collect its receivables. This number increased to 65.52 days by September 2020 before reaching its peak at 93.74 days by December 2022. These higher values suggest potential issues with the company's collection process or credit policies.
The DSO decreased to 0.75 days by September 2024, a significant drop from the previous quarter, suggesting a potential improvement in the accounts receivable management efficiency. However, such a low number may also indicate irregularities in the financial reporting or data collection process.
Overall, it's essential for Dorian LPG Ltd to closely monitor its DSO to ensure efficient management of accounts receivable and maintain healthy cash flows. Fluctuations in DSO can highlight potential operational or financial challenges that need to be addressed proactively.