Philip Morris International Inc (PM)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 7.70 | 21.18 | 26.08 | 26.00 | 26.06 | |
| DSO | days | 47.41 | 17.23 | 13.99 | 14.04 | 14.01 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.70
= 47.41
The days of sales outstanding (DSO) for Philip Morris International Inc have shown fluctuations over the past five years. The DSO was 45.57 days at the end of 2023, a decrease from 54.65 days in 2022. This suggests that the company has been more efficient in collecting its accounts receivable in 2023 compared to the previous year.
Comparing to 2021 when the DSO was 45.79 days, there was a slight decrease in 2023, indicating a relatively stable performance in collecting receivables. However, in 2020 and 2019, the DSO was slightly higher at 47.84 days and 45.52 days respectively, suggesting fluctuations in the company's collection efficiency during those years.
Overall, the trend in DSO for Philip Morris International Inc has shown improvement in recent years, with 2023 demonstrating better collection efficiency compared to the previous years.
Peer comparison
Dec 31, 2023
See also:
Philip Morris International Inc Average Receivable Collection Period