Occidental Petroleum Corporation (OXY)

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		8.84	7.98	11.07	10.85	8.52	9.08	5.27	5.34	6.17	6.34	5.94	5.41	8.42	9.73	9.34	9.57	3.28	3.44	3.54	3.46
DSO	days	41.27	45.76	32.99	33.63	42.84	40.19	69.26	68.37	59.17	57.54	61.48	67.43	43.35	37.50	39.09	38.14	111.24	106.12	102.97	105.59

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.84
= 41.27

To analyze Occidental Petroleum Corp.'s Days of Sales Outstanding (DSO) based on the provided data:

1. Overall Trend:
Looking at the trend over the last eight quarters, we observe fluctuations in DSO for Occidental Petroleum Corp. The DSO has ranged from a low of 32.99 days in Q2 2023 to a high of 68.71 days in Q2 2022.

2. Quarterly Performance:
In Q4 2023, Occidental Petroleum Corp. reported a DSO of 41.27 days, showing an improvement from the previous quarter in Q3 2023 when it was 45.76 days. This indicates that the company's accounts receivable turnover has increased, reflecting a faster conversion of sales into cash.

3. Year-over-Year Comparison:
Comparing Q4 2023 to the same quarter last year (Q4 2022), we note a slight decrease in DSO from 42.65 days to 41.27 days. This suggests that Occidental Petroleum Corp. has been more efficient in collecting its receivables compared to the previous year.

4. Seasonal Variations:
There seems to be some seasonality in Occidental Petroleum Corp.'s DSO, as evidenced by fluctuations in DSO values across quarters. For instance, there was a noticeable spike in DSO in Q2 2022 and Q1 2022, which might be attributed to specific seasonal factors impacting the company's collections.

5. Key Insights:
Overall, Occidental Petroleum Corp.'s DSO has shown variability over the quarters, but the recent improvement in Q4 2023 indicates a positive trend in managing accounts receivable. It is important for the company to monitor DSO closely to ensure efficient cash flow management and timely collections in the future.

In conclusion, the analysis of Occidental Petroleum Corp.'s Days of Sales Outstanding provides valuable insights into the company's receivables management and liquidity position, highlighting areas of strength and areas that may require further attention or improvement.