Murphy USA Inc (MUSA)

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		63.94	63.37	82.05	88.40	83.23	88.67	71.62	72.75	88.71	74.04	52.56	63.75	66.73	83.27	78.64	103.47	81.17	85.57	60.12	62.68
DSO	days	5.71	5.76	4.45	4.13	4.39	4.12	5.10	5.02	4.11	4.93	6.94	5.73	5.47	4.38	4.64	3.53	4.50	4.27	6.07	5.82

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 63.94
= 5.71

To analyze Murphy USA Inc's days of sales outstanding (DSO), we will examine the trend in DSO over the last eight quarters. DSO is a measure of how efficiently a company is managing its accounts receivable and collecting cash from its credit sales.

From the data provided, we can observe that the DSO has fluctuated over the quarters, with Q2 2023 showing the lowest DSO of 4.45 days and Q4 2023 showing a slightly higher DSO of 5.71 days. The trend indicates that the company's collection period varies but has generally been relatively low, reflecting efficient management of accounts receivable.

Comparing the current DSO to the same quarter in the previous year, we see a slight increase in Q4 2023 compared to Q4 2022 (5.71 days vs. 4.39 days). While the increase is notable, it is important to consider industry benchmarks and seasonal fluctuations when evaluating DSO.

Overall, Murphy USA Inc's DSO has shown some fluctuations, but the company appears to be efficiently managing its accounts receivable and collecting cash from credit sales. Monitoring DSO trends over time and comparing them to industry averages can provide further insights into the company's financial health and operational efficiency.