MDU Resources Group Inc (MDU)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 4.94 | 4.17 | 6.00 | 6.33 | 6.38 | |
| DSO | days | 73.89 | 87.46 | 60.83 | 57.66 | 57.22 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.94
= 73.89
MDU Resources Group Inc's Days of Sales Outstanding (DSO) has shown an increasing trend over the past five years. In 2023, the DSO stood at 73.89 days compared to 68.33 days in 2022, 60.83 days in 2021, 57.66 days in 2020, and 57.22 days in 2019. This indicates that the company is taking longer to collect its accounts receivable, which may potentially signal inefficiencies in its credit and collection procedures. Management should closely monitor and address this trend to ensure optimal cash flow management and overall financial health of the company.
Peer comparison
Dec 31, 2023
Company name
Symbol
DSO
MDU Resources Group Inc
MDU
73.89
Knife River Corporation
KNF
34.40
Martin Marietta Materials Inc
MLM
42.60
Vulcan Materials Company
VMC
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