ONEOK Inc (OKE)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 9.86 | 14.61 | 11.47 | 10.29 | 12.17 | |
| DSO | days | 37.02 | 24.98 | 31.82 | 35.46 | 29.99 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.86
= 37.02
The days of sales outstanding (DSO) metric for Oneok Inc. has shown fluctuations over the past five years. In 2023, the DSO increased to 35.21 days from 24.98 days in 2022, indicating that the company took longer to collect its accounts receivable. This increase may suggest a potential slowdown in the collection of sales revenue compared to the previous year.
Comparing the DSO to 2021, where it was 31.82 days, there was a further increase in 2023. However, the DSO in 2023 was slightly lower than in 2020 and 2019, when it stood at 35.46 days and 29.99 days, respectively. This fluctuation in DSO may be influenced by changes in the company's credit policies, customer payment behaviors, or the overall economic environment.
It is essential for Oneok Inc. to closely monitor its DSO trend and evaluate the effectiveness of its account receivable management strategies to ensure timely collection of sales revenue and maintain healthy cash flows.
Peer comparison
Dec 31, 2023