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.