O-I Glass Inc (OI)

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		11.28	8.16	8.92	8.12	10.07	8.84	6.85	6.72	8.70	7.36	6.78	7.08	8.87	7.63	7.40	8.46	9.79	8.56	8.54	8.23
DSO	days	32.36	44.70	40.93	44.94	36.24	41.27	53.31	54.34	41.94	49.62	53.80	51.56	41.16	47.84	49.33	43.17	37.29	42.66	42.74	44.35

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 11.28
= 32.36

The Days Sales Outstanding (DSO) of O-I Glass Inc has fluctuated over the past few years, indicating varying efficiency in the collection of accounts receivable.

From December 31, 2020, to June 30, 2021, there was a slight increase in DSO from 37.29 days to 49.33 days. This suggests that the company took longer to collect payments from its customers during this period. However, there was a notable decrease in DSO by the end of December 31, 2021, standing at 41.16 days, indicating an improvement in collections efficiency.

The DSO continued to rise in the following quarters, reaching its peak at 54.34 days on March 31, 2023. This increase may raise concerns about the company's credit policies or the ability to manage its receivables effectively.

The DSO improved significantly by the end of December 31, 2024, dropping to 32.36 days, which indicates a more efficient collection process. This could be attributed to tightening credit policies, enhanced collection efforts, or improved customer payment behavior.

Overall, O-I Glass Inc should continue monitoring its DSO to ensure that it maintains an optimal balance between timely cash collections and customer relationships.