LyondellBasell Industries NV (LYB)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		86.36	12.36	8.86	6.18	10.05
DSO	days	4.23	29.52	41.20	59.04	36.31

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 86.36
= 4.23

The days of sales outstanding (DSO) for LyondellBasell Industries NV have fluctuated over the past five years. In 2023, the DSO was 35.42 days, reflecting the average number of days it takes for the company to collect revenue from credit sales. This is an increase from 2022 when the DSO was 29.52 days. The higher DSO in 2023 may indicate that the company is taking longer to collect payments from customers, which could potentially impact cash flows.

Comparing to 2021 when the DSO was 41.20 days, the decrease in 2023 could be viewed as a positive trend, implying improved efficiency in collecting receivables. However, the DSO in 2023 is still higher than the levels seen in 2020 (59.04 days) and 2019 (36.31 days), indicating that there may be room for further improvement in managing accounts receivable.

Overall, the DSO trend for LyondellBasell Industries NV suggests some variability in the company's collection processes over the years. It would be advisable for the company to continue monitoring and managing its accounts receivable effectively to optimize cash flow and working capital management.