PBF Energy Inc (PBF)

Days of sales outstanding (DSO)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Receivables turnover		28.43	28.08	31.94	21.15	29.86
DSO	days	12.84	13.00	11.43	17.26	12.23

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 28.43
= 12.84

PBF Energy Inc's Days of Sales Outstanding (DSO) has shown fluctuations over the past five years. As of December 31, 2020, the DSO stood at 12.23 days, indicating that the company took approximately 12.23 days on average to collect its accounts receivable.

By December 31, 2021, the DSO had increased to 17.26 days, suggesting a lengthening of the collection period. This rise may indicate potential challenges in collecting payments from customers promptly, which could impact the company's cash flow and working capital management.

However, there was a notable improvement in the DSO by December 31, 2022, dropping to 11.43 days. This decline signals a more efficient accounts receivable collection process, leading to quicker conversion of sales into cash.

In the following years, the DSO remained relatively stable, with minor fluctuations. As of December 31, 2023, the DSO was at 13.00 days, and by December 31, 2024, it was at 12.84 days. These figures suggest that the company has managed to maintain a moderate and consistent collection period for its accounts receivable.

Overall, monitoring the DSO trend can provide insights into PBF Energy Inc's efficiency in managing its accounts receivable and cash flow. A lower DSO indicates a faster collection process, which could improve liquidity and operational performance. Conversely, a higher DSO may signal potential issues with customer credit, collection policies, or market conditions that merit further investigation.