Ormat Technologies Inc (ORA)

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		2.56	6.25	6.70	6.66	3.80	8.70	8.28	8.34	4.49	5.72	5.68	5.16	1.79	3.97	3.69	3.76	2.00	4.72	4.77	4.64
DSO	days	142.74	58.36	54.44	54.79	96.02	41.96	44.10	43.75	81.33	63.78	64.21	70.69	204.27	91.88	98.95	97.11	182.55	77.36	76.57	78.63

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 2.56
= 142.74

To analyze Ormat Technologies Inc's Days of Sales Outstanding (DSO), we observe a trend of increasing DSO values over the past four quarters, with Q4 2023 showing the highest DSO of 119.52 days. This indicates that the company is taking longer to collect its accounts receivable, which may suggest potential liquidity issues or difficulties in managing customer credit.

The DSO values have been consistently higher compared to the same periods in the previous year, reflecting a deterioration in the company's collection efficiency. While the DSO values fluctuated slightly on a quarterly basis, the overall upward trend is a cause for concern and may warrant further investigation into the company's accounts receivable management practices.

It is essential for Ormat Technologies Inc to closely monitor its DSO levels and work towards improving its collection processes to ensure timely receipt of payments and maintain healthy cash flows.