Par Pacific Holdings Inc (PARR)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 22.26 | 28.73 | 23.80 | 27.36 | 23.29 | |
| DSO | days | 16.40 | 12.71 | 15.34 | 13.34 | 15.67 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 22.26
= 16.40
The Days of Sales Outstanding (DSO) for Par Pacific Holdings Inc has shown some fluctuations over the past five years. In 2023, the DSO increased to 16.28 days from 12.61 days in 2022. This indicates that it took the company longer to collect accounts receivable in 2023 compared to the previous year.
Looking back further, the DSO was 15.12 days in 2021, 13.04 days in 2020, and 15.46 days in 2019. The trend shows variability in the company's collection efficiency over the years, with some years performing better than others in terms of collecting receivables in a timely manner.
Analyzing the DSO can provide insights into the company's credit policies, efficiency in collecting payments from customers, and overall working capital management. Further investigation into the reasons behind the fluctuations in the DSO could help identify areas for improvement in the company's operations and financial performance.
Peer comparison
Dec 31, 2023