Patterson-UTI Energy Inc (PTEN)
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 | 6.82 | 6.45 | 6.04 | 5.41 | 4.15 | 3.21 | 6.06 | 5.88 | 4.61 | 4.17 | 4.04 | 4.18 | 3.68 | 4.11 | 4.72 | 4.90 | 6.63 | 10.02 | 10.47 | 6.62 | |
| DSO | days | 53.52 | 56.57 | 60.41 | 67.43 | 87.85 | 113.58 | 60.26 | 62.08 | 79.14 | 87.53 | 90.43 | 87.24 | 99.10 | 88.90 | 77.25 | 74.52 | 55.03 | 36.44 | 34.86 | 55.12 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.82
= 53.52
The days of sales outstanding (DSO) is a metric that indicates the average number of days it takes for a company to collect revenue after a sale is made. For Patterson-UTI Energy Inc, the DSO has fluctuated over the past few years.
Based on the data provided, we can observe that the DSO for Patterson-UTI Energy Inc ranged from 34.86 days to 113.58 days between March 31, 2020, and December 31, 2024.
The DSO trend shows some variability, with periods of higher and lower values. It is important to note that a lower DSO indicates that the company is collecting revenue more quickly, improving its cash flow position. Conversely, a higher DSO may signal potential issues with accounts receivable management or customer creditworthiness.
Analyzing the DSO trend over time can provide insights into the company's efficiency in collecting receivables and managing its working capital. It is recommended for Patterson-UTI Energy Inc to focus on optimizing their accounts receivable processes to maintain a healthy balance between sales revenue and cash inflows.
Peer comparison
Dec 31, 2024