National Fuel Gas Company (NFG)

Days of sales outstanding (DSO)

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Receivables turnover		—	—	—	—	12.10
DSO	days	—	—	—	—	30.17

September 30, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —

National Fuel Gas Co.'s Days of Sales Outstanding (DSO) measures the average number of days it takes for the company to collect revenue after making a sale. A lower DSO indicates a more efficient and prompt collection of payments from customers.

The DSO for National Fuel Gas Co. has shown fluctuations over the past five years. In 2019, the DSO was 41.15 days, indicating a relatively prompt collection of revenue. However, there was an increase in DSO in 2020 to 34.80 days, which may suggest a slowdown in collections. This trend continued in 2021, with DSO further increasing to 46.87 days, indicating a longer time to collect revenue.

The most recent data shows a significant improvement in DSO, with the figure dropping to 32.47 days in 2023. This decrease is a positive sign as it indicates a more efficient and timely collection of sales revenue. The 2023 DSO not only represents a notable improvement from the previous year but also marks a return to a level closer to the DSO seen in 2019.

Overall, the trend in DSO for National Fuel Gas Co. demonstrates some variability, with a notable reduction in 2023, suggesting an improvement in the company's receivables management and cash flow efficiency. However, it is essential to monitor future developments to ensure sustained efficiency in the collection of sales revenue.