Phillips 66 (PSX)

Days of sales outstanding (DSO)

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Receivables turnover 12.49 16.25 14.57 8.16 12.96
DSO days 29.22 22.46 25.06 44.75 28.17

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 12.49
= 29.22

The days of sales outstanding (DSO) for Phillips 66 has fluctuated over the past five years. In 2023, the DSO stands at 29.05 days, showing an increase from the previous year's 23.59 days. This indicates that the company is taking slightly longer to collect its accounts receivable compared to the prior period. However, when compared to 2020 and 2019, where the DSO was 37.12 days and 28.92 days respectively, the current DSO is relatively closer to the performance in 2019. Overall, a DSO of 29.05 days suggests that Phillips 66 takes approximately one month to convert its sales into cash, reflecting the efficiency of the company in managing its accounts receivable.


Peer comparison

Dec 31, 2023


See also:

Phillips 66 Average Receivable Collection Period