ONEOK Inc (OKE)
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 | 10.06 | 10.99 | 18.77 | 18.61 | 14.61 | 13.17 | 12.03 | 11.17 | 11.47 | 9.14 | 10.37 | 10.55 | 10.29 | 12.03 | 14.33 | 19.14 | 12.17 | 14.80 | 17.58 | 15.10 | |
| DSO | days | 36.27 | 33.22 | 19.45 | 19.61 | 24.98 | 27.71 | 30.34 | 32.68 | 31.82 | 39.93 | 35.18 | 34.60 | 35.46 | 30.34 | 25.48 | 19.07 | 29.99 | 24.66 | 20.76 | 24.18 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 10.06
= 36.27
To analyze Oneok Inc.'s Days Sales Outstanding (DSO) trend, we observe a recent decrease in DSO from 35.21 days in Q4 2023 to 19.45 days in Q2 2023, followed by a slight increase to 19.61 days in Q1 2023. This decrease may indicate efficient collections and shorter credit extension periods. Comparing year-over-year data, Q4 2022 had a DSO of 24.98 days, indicating an improving trend towards faster receivables turnover.
In general, a lower DSO signifies quicker collection of accounts receivable, which can improve cash flow and overall liquidity. However, it is essential to note that a significantly low DSO may also suggest stringent credit policies that could potentially impact sales volume.
Further analysis should consider industry norms, company-specific factors, and comparison with competitors to gain a more comprehensive understanding of Oneok Inc.'s DSO performance.
Peer comparison
Dec 31, 2023
See also:
ONEOK Inc Average Receivable Collection Period (Quarterly Data)