Altria Group (MO)
Days of sales outstanding (DSO)
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 330.90 | 414.65 | 379.44 | 412.36 | 500.79 | 463.75 | 566.42 | 537.70 | 514.94 | 681.78 | 188.16 | 170.81 | 184.38 | 165.32 | 176.52 | 169.80 | 158.69 | 146.84 | 149.34 | 152.93 | |
| DSO | days | 1.10 | 0.88 | 0.96 | 0.89 | 0.73 | 0.79 | 0.64 | 0.68 | 0.71 | 0.54 | 1.94 | 2.14 | 1.98 | 2.21 | 2.07 | 2.15 | 2.30 | 2.49 | 2.44 | 2.39 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 330.90
= 1.10
The Days of Sales Outstanding (DSO) for Altria Group Inc. has shown significant fluctuations over the past eight quarters. In Q4 2023, the DSO stood at 1.06 days, indicating that the company took slightly longer to collect its accounts receivable compared to the previous quarter where the DSO was 0.85 days. The sudden increase in Q4 2023 warrants further investigation to determine the reason behind this change.
Notably, in Q2 and Q1 of 2023, the DSO spiked to 26.91 days and 26.42 days, respectively, reflecting a substantial delay in collecting accounts receivable during these periods. This significant increase in DSO could be a cause for concern as it may suggest potential issues with the company's credit management or collection efforts.
Conversely, in Q2 and Q3 of 2022, the DSO dropped significantly to 0.62 days and 0.65 days, indicating that Altria Group Inc. was efficient in collecting its accounts receivable during those quarters. The low DSO values during these periods suggest effective credit policies and prompt collection processes in place.
Overall, monitoring the DSO trend can provide insights into Altria Group Inc.'s accounts receivable management efficiency and effectiveness in collecting revenue. Any fluctuations or deviations from the norm should be closely examined to identify potential risks or opportunities for improvement in the company's cash flow management.
Peer comparison
Dec 31, 2023
See also:
Altria Group Average Receivable Collection Period (Quarterly Data)