Matador Resources Company (MTDR)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.93 | 6.74 | 6.89 | 6.29 | 5.19 | |
| DSO | days | 61.50 | 54.17 | 52.99 | 58.06 | 70.28 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.93
= 61.50
Matador Resources Co's days of sales outstanding (DSO) has shown variations over the past five years. The trend indicates that in recent years, the company has been more efficient in converting its accounts receivable into cash.
In 2023, the DSO was 67.81 days, which was higher compared to the previous year's 57.01 days. This increase in DSO suggests the company took longer to collect its outstanding sales compared to the prior year. However, it is important to note that the DSO in 2023 was still lower than the levels observed in 2019 and 2020, indicating an improvement in efficiency over the medium term.
Overall, Matador Resources Co should continue to monitor its DSO closely to ensure efficient management of its accounts receivable and timely conversion of sales into cash.
Peer comparison
Dec 31, 2023