Oceaneering International Inc (OII)

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		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	4.86	5.27	5.36	5.21
DSO	days	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	75.09	69.23	68.15	70.07

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.32
= 49.88

The days of sales outstanding (DSO) for Oceaneering International, Inc. have fluctuated over the past eight quarters. In Q4 2023, the company's DSO was 49.88 days, which decreased from 62.00 days in the previous quarter. This indicates that the company is collecting its accounts receivable more efficiently.

Comparing Q4 2023 to the DSO in the same quarter of the previous year, there is a noticeable improvement as the DSO was down from 52.39 days in Q4 2022.

Although there have been fluctuations in DSO over the periods analyzed, Oceaneering International, Inc. appears to have made progress in managing its accounts receivable efficiently. It is essential for the company to continue monitoring and optimizing its DSO to ensure timely collection of revenues and maintain healthy cash flow.