Magnolia Oil & Gas Corp (MGY)

Days of sales outstanding (DSO)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Receivables turnover		8.90	6.47	9.92	7.20	6.64
DSO	days	41.02	56.43	36.78	50.69	55.00

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.90
= 41.02

Based on the data provided, the Days of Sales Outstanding (DSO) of Magnolia Oil & Gas Corp has shown fluctuations over the past five years. In December 2020, the DSO was reported at 55.00 days, which decreased to 50.69 days by December 2021, indicating an improvement in the company's ability to collect its accounts receivable.

However, the trend reversed in December 2022 when the DSO dropped significantly to 36.78 days, reflecting a more efficient collection process. This positive trend was not sustained as the DSO increased to 56.43 days by December 2023, suggesting potential challenges in collecting receivables.

In the most recent data available for December 2024, the DSO improved to 41.02 days, indicating some progress in managing accounts receivable. Overall, Magnolia Oil & Gas Corp should continue to monitor and manage its DSO to ensure efficient cash flow management and timely collection of receivables to support its operations and financial health.