OGE Energy Corporation (OGE)

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		8.92	6.35	8.66	11.31	9.78	8.07	8.12	11.46	15.89	10.94	12.48	16.14	9.09	7.47	8.49	10.70	9.73	6.95	8.65	9.72
DSO	days	40.90	57.49	42.14	32.28	37.30	45.25	44.95	31.84	22.97	33.37	29.24	22.61	40.16	48.85	43.00	34.12	37.52	52.53	42.21	37.55

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.92
= 40.90

To analyze Oge Energy Corp.'s Days of Sales Outstanding (DSO) over the past eight quarters, we observe fluctuations in the company's ability to collect accounts receivable efficiently.

In Q4 2023, the DSO was 40.90 days, representing an improvement from the previous quarter's 57.49 days. This reduction suggests that Oge Energy Corp. was more effective in converting sales into cash during the most recent quarter. However, compared to Q2 and Q3 2022 where the DSO was lower at 44.95 and 45.25 days respectively, the current DSO indicates that the company might have faced challenges in collecting payments promptly.

Looking back at Q1 2023, the DSO was relatively low at 32.28 days, signifying efficient collection practices during that period. This is consistent with a similar trend observed in Q1 2022 when the DSO was recorded at 31.84 days.

Over the period under review, Oge Energy Corp. has experienced fluctuations in its DSO, indicating varying levels of effectiveness in managing its accounts receivable. It is important for the company to assess the reasons behind these fluctuations to identify areas for improvement in its revenue collection processes.