ONEOK Inc (OKE)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 9.43 | 9.86 | 14.61 | 11.47 | 10.29 | |
| DSO | days | 38.72 | 37.02 | 24.98 | 31.82 | 35.46 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.43
= 38.72
Based on the data provided, ONEOK Inc's days of sales outstanding (DSO) has shown fluctuation over the years.
As of December 31, 2020, the company had a DSO of 35.46 days, indicating that on average it took approximately 35.46 days to collect outstanding sales from customers.
By December 31, 2021, the DSO had decreased to 31.82 days, suggesting an improvement in the company's ability to collect payments from customers in a timelier manner.
However, by December 31, 2022, the DSO further declined to 24.98 days, signaling a significant enhancement in the company's efficiency in collecting receivables.
The trend reversed in December 31, 2023, as the DSO increased to 37.02 days, indicating a potential delay in collecting sales from customers.
By December 31, 2024, the DSO rose further to 38.72 days, suggesting a continued challenge for the company in collecting payments promptly.
In conclusion, ONEOK Inc's days of sales outstanding has shown variations over the years, with improvements in collection efficiency in some periods and challenges in others. Monitoring this metric can help assess the effectiveness of the company's credit and collection policies.
Peer comparison
Dec 31, 2024