O-I Glass Inc (OI)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 11.42 | 10.59 | 8.70 | 8.87 | 9.79 | |
| DSO | days | 31.97 | 34.47 | 41.93 | 41.15 | 37.30 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 11.42
= 31.97
O-I Glass Inc has shown fluctuations in its Days Sales Outstanding (DSO) metric over the five-year period from 2020 to 2024. DSO represents the average number of days it takes for the company to collect payment after making a sale.
In 2020, O-I Glass Inc had a DSO of 37.30 days, indicating a relatively efficient collection process. However, by the end of 2021, the DSO had increased to 41.15 days, suggesting a potential slowdown in collections. This trend continued into 2022 and 2023, with DSO figures of 41.93 days and 34.47 days, respectively.
The most recent data point for 2024 shows a decrease in DSO to 31.97 days, which could indicate an improvement in the company's receivables management or increased efficiency in collecting payments from customers.
Overall, O-I Glass Inc's DSO has fluctuated over the years, suggesting varying levels of effectiveness in managing its accounts receivable. It is important for the company to monitor DSO closely and implement strategies to ensure timely collection of outstanding payments to maintain healthy cash flows and financial stability.