O-I Glass Inc (OI)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 10.07 | 8.70 | 8.87 | 9.79 | 10.27 | |
| DSO | days | 36.24 | 41.93 | 41.15 | 37.30 | 35.56 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 10.07
= 36.24
The Days Sales Outstanding (DSO) for O-I Glass Inc has shown some fluctuations over the past five years. In 2023, the DSO decreased to 36.24 days from 41.93 days in 2022. This indicates that the company is collecting its accounts receivable more efficiently in the most recent year compared to the previous year.
Looking further back, in 2021 the DSO was 41.15 days, slightly higher than in 2020 when it was 37.30 days. The DSO improved in 2020 compared to 2019 when it stood at 35.56 days.
Overall, the trend in DSO for O-I Glass Inc shows some variability but appears to have improved in the most recent year, suggesting better management of accounts receivable and potentially more efficient collection practices. Investors and stakeholders may view this positively as it indicates stronger liquidity and potentially healthier cash flow management.