Nabors Industries Ltd (NBR)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 7.29 | 7.21 | 7.42 | 6.56 | 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 | |
| DSO | days | 50.09 | 50.59 | 49.22 | 55.66 | 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 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.29
= 50.09
The days of sales outstanding (DSO) for Nabors Industries Ltd have shown some fluctuations over the given period. In March 2020, the DSO was 59.14 days, indicating that it took approximately 59 days for the company to collect its accounts receivable. The DSO decreased to 49.54 days by June 2020, suggesting an improvement in the company's collection efficiency.
However, the DSO increased to 83.58 days by December 2020, which might signify potential challenges in collecting receivables promptly. Subsequently, there was a decrease in DSO to 42.31 days by March 2022, reflecting an improvement in collections efficiency.
Over the following periods, the DSO remained relatively stable between 37.66 days and 57.48 days, indicating consistency in the company's accounts receivable management. The DSO saw a slight increase to 44.94 days by December 2023 but remained within a reasonable range.
Overall, the trend in the DSO for Nabors Industries Ltd suggests that the company has been able to manage its accounts receivable effectively with some fluctuations observed over the period under review. It is essential for the company to continue monitoring and optimizing its collection processes to ensure healthy cash flows and efficient working capital management.
Peer comparison
Dec 31, 2024