PG&E Corp (PCG)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		11.93	8.20	8.80	9.81	13.31
DSO	days	30.60	44.53	41.47	37.21	27.42

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 11.93
= 30.60

The Days Sales Outstanding (DSO) ratio for PG&E Corp. has exhibited fluctuations over the past five years. In 2019, the DSO was at its highest level at 162.65 days, indicating that it took the company on average approximately 162 days to collect its accounts receivable. This was followed by a significant improvement in 2020, with the DSO decreasing to 121.32 days, suggesting a faster collection of receivables that year.

However, in 2021, the DSO increased slightly to 147.38 days, indicating a longer collection period compared to 2020 but still lower than the 2019 level. The trend continued in 2022, with a DSO of 148.78 days, showing a slight increase from the previous year.

The most recent data for 2023 shows a further increase in the DSO to 156.23 days, signifying a longer period for PG&E Corp. to collect its accounts receivable compared to the previous two years.

Overall, the fluctuating trend in the DSO ratio of PG&E Corp. suggests variations in the efficiency of the company's accounts receivable management and collection process over the past five years. Further analysis and comparison with industry benchmarks may provide additional insights into the company's performance in this area.