Paramount Global Class B (PARA)

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		4.04	4.21	4.04	3.91	3.93	4.42	4.14	3.81	3.97	4.08	3.84	3.52	3.58	3.62	3.15	2.82	2.56	4.22	4.12	3.70
DSO	days	90.37	86.70	90.42	93.28	92.90	82.61	88.17	95.77	91.98	89.57	95.09	103.70	101.92	100.90	115.93	129.57	142.82	86.39	88.70	98.60

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.04
= 90.37

Paramount Global's Days Sales Outstanding (DSO) measures the average number of days it takes for the company to collect revenue after making a sale. A lower DSO indicates faster collection of accounts receivable, which is generally favorable for a company's liquidity and cash flow.

Analyzing the trend of Paramount Global's DSO over the past eight quarters, we observe some fluctuations. In Q4 2023, the DSO increased to 87.58 days from 84.02 days in Q3 2023. This rise suggests a slight slowdown in the collection of sales revenue compared to the previous quarter.

Comparing Q4 2023 to the same quarter in the previous year, there has been a marginal improvement, as the DSO was 89.72 days in Q4 2022. This indicates that Paramount Global may have become more efficient in collecting its accounts receivable over the year.

Overall, while there have been fluctuations in Paramount Global's DSO, the company should continue to monitor and manage its accounts receivable effectively to ensure cash flow remains healthy and operations are not impacted by delayed payments from customers.