O-I Glass Inc (OI)
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 | 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 | 10.27 | 6.63 | 5.15 | 7.08 | |
| DSO | days | 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 | 35.56 | 55.08 | 70.89 | 51.55 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 10.07
= 36.24
The Days of Sales Outstanding (DSO) ratio for O-I Glass Inc has shown some fluctuations over the past five years. As of December 31, 2023, the DSO stands at 36.24 days, indicating the average number of days it takes for the company to collect its accounts receivable. This figure represents a slight improvement from the previous quarter's DSO of 41.27 days.
Looking back at the trend, the company experienced a peak in DSO at 70.89 days in September 2019, followed by a downward trend before reaching the current level. Generally, a lower DSO is favorable as it indicates that the company is efficient in collecting payments from its customers.
It is worth noting that the company's DSO can be influenced by factors such as the industry's payment terms, customer credit quality, and the effectiveness of the company's accounts receivable management. Monitoring the DSO ratio over time can provide insights into the company's liquidity and efficiency in managing its accounts receivable.