Par Pacific Holdings Inc (PARR)

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		22.26	14.79	18.11	27.38	28.72	23.45	16.18	21.71	23.80	20.91	16.44	17.69	27.52	32.23	39.01	27.93	23.37	20.76	17.04	14.36
DSO	days	16.40	24.67	20.15	13.33	12.71	15.57	22.56	16.82	15.34	17.45	22.20	20.63	13.27	11.33	9.36	13.07	15.62	17.58	21.42	25.42

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 22.26
= 16.40

Days Sales Outstanding (DSO) is a measure that indicates the average number of days it takes for a company to collect payment after making a sale. In the case of Par Pacific Holdings Inc, the DSO has fluctuated over the past eight quarters.

In Q4 2023, the DSO was 16.28 days, showing an improvement compared to the previous quarter's 24.50 days in Q3 2023. This suggests that the company was more efficient in collecting payments from customers in the most recent quarter.

Looking back at the trend, the DSO in Q4 2022 was 12.61 days, indicating that the company's collections performance has deteriorated in the last year. Q1 2023 saw a notable improvement with DSO dropping to 13.24 days, but this was followed by a slight uptick in Q2 2023 to 20.01 days.

Overall, Par Pacific Holdings Inc should continue to monitor its DSO closely to ensure effective management of accounts receivable and timely collection of funds to maintain healthy cash flow and liquidity.