PBF Energy Inc (PBF)

Days of sales outstanding (DSO)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Receivables turnover		28.43	27.96	24.63	31.90	28.08	25.23	30.60	39.47	31.94	26.92	19.53	17.21	21.15	21.21	18.70	17.32	29.86	38.73	48.63	55.79
DSO	days	12.84	13.06	14.82	11.44	13.00	14.47	11.93	9.25	11.43	13.56	18.69	21.21	17.26	17.21	19.52	21.08	12.23	9.42	7.51	6.54

December 31, 2024 calculation

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

The Days of Sales Outstanding (DSO) metric for PBF Energy Inc shows the average number of days it takes for the company to collect payment from its customers after making a sale. Analyzing the trend over the past few years, we observe some fluctuations in the DSO:

- From March 31, 2020, to December 31, 2021, the DSO increased steadily from 6.54 days to 17.26 days. This indicates that the company was taking longer to collect payments from its customers during this period.

- However, there was a slight decrease in DSO by June 30, 2022, to 18.69 days, followed by a more significant drop to 9.25 days by March 31, 2023. This could suggest improvements in the company's accounts receivable management or more efficient collection processes.

- The DSO increased again to 14.82 days by June 30, 2024, before dropping to 12.84 days by December 31, 2024. These fluctuations may indicate changes in the company's customer base, sales policies, or economic conditions affecting payment timelines.

Overall, a lower DSO is generally favorable as it signals faster cash collections, improved liquidity, and potentially more effective credit policies. However, it is essential to consider industry benchmarks and compare PBF Energy Inc's DSO to its peers for a more comprehensive analysis of its efficiency in managing accounts receivable.