Oceaneering International Inc (OII)

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		8.77	6.90	6.33	6.47	7.32	5.89	6.04	6.79	6.97	5.19	5.53	6.19	7.11	6.23	5.39	6.08	6.17	5.92	5.73	5.61
DSO	days	41.64	52.92	57.71	56.38	49.88	62.00	60.46	53.79	52.39	70.36	66.06	58.98	51.35	58.57	67.76	60.06	59.15	61.62	63.76	65.11

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.77
= 41.64

Days Sales Outstanding (DSO) is a measure that indicates the average number of days a company takes to collect revenue after a sale is made. A lower DSO is generally preferred as it signifies quicker cash conversion and efficient receivables management.

Analyzing the DSO trend of Oceaneering International Inc over the past few quarters, we observe the following:

- As of December 31, 2024, Oceaneering International Inc had a DSO of 41.64 days, which is significantly lower compared to the previous periods. A lower DSO suggests that the company has been more efficient in collecting its accounts receivable.
- The trend in DSO fluctuated over the periods leading up to December 31, 2024, with some quarters showing an increase while others showed a decrease. This fluctuation may indicate variations in the company's sales cycles or its effectiveness in managing accounts receivable.

Overall, the decreasing trend in DSO towards the end of the period indicates that Oceaneering International Inc has become more efficient in collecting receivables, which is a positive sign for the company's cash flow management and liquidity position. However, it would be important to monitor future DSO figures to ensure this efficiency is maintained.