Nabors Industries Ltd (NBR)
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 | 8.12 | 8.69 | 9.53 | 8.75 | 7.46 | 9.56 | 9.69 | 8.63 | 6.38 | 6.35 | 5.42 | 5.20 | 4.37 | 6.48 | 7.37 | 6.17 | 5.37 | 4.78 | 4.09 | 4.12 | |
| DSO | days | 44.94 | 42.00 | 38.28 | 41.71 | 48.93 | 38.18 | 37.66 | 42.31 | 57.17 | 57.48 | 67.37 | 70.19 | 83.58 | 56.30 | 49.54 | 59.14 | 67.92 | 76.28 | 89.18 | 88.55 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.12
= 44.94
To analyze Nabors Industries Ltd's days of sales outstanding (DSO) over the past eight quarters, we observe a fluctuating trend in the DSO metric. In Q1 2022, the DSO stood at 51.04 days, indicating a relatively lengthy collection period for sales. Subsequently, there was a downward trend with DSO decreasing to 36.18 days in Q2 2023, suggesting an improvement in accounts receivable collection efficiency.
However, there was a slight increase in DSO in Q4 2023 compared to the previous quarter, standing at 42.24 days. This uptick may indicate a lag in collecting payments from customers during this period. Overall, it is essential for Nabors Industries to monitor and manage their DSO effectively to ensure timely collection of receivables and optimize cash flow management.
Peer comparison
Dec 31, 2023