PBF Energy Inc (PBF)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		28.08	31.94	21.15	29.86	29.35
DSO	days	13.00	11.43	17.26	12.23	12.44

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 28.08
= 13.00

The Days Sales Outstanding (DSO) ratio is used to assess how efficiently a company is collecting its accounts receivable. A lower DSO indicates quicker collection and better liquidity management.

Looking at the historical trend of PBF Energy Inc's DSO ratio from 2019 to 2023, we observe fluctuations in the metric:

- In 2019, the DSO was 12.44 days, showing a moderate level of efficiency in receivables collection.
- In 2020, the DSO decreased slightly to 12.38 days, indicating a consistent performance in managing accounts receivable.
- By 2021, the DSO increased to 17.11 days, suggesting a slower collection of receivables, potentially signaling challenges in managing credit terms or customer payment behavior.
- However, in 2022, there was a notable improvement as the DSO decreased to 11.35 days, reflecting enhanced efficiency in collecting receivables.
- In 2023, the DSO ratio increased to 12.98 days, showing a slight regression from the previous year but still relatively better than the 2021 level.

Overall, the trend shows some variability in PBF Energy Inc's DSO ratio over the years, with improvements in certain periods and slight setbacks in others. It is essential for the company to monitor and manage its accounts receivable effectively to maintain healthy liquidity and working capital levels.