Quanta Services Inc (PWR)
Days of sales outstanding (DSO)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 4.69 | 4.47 | 4.47 | 4.78 | 4.62 | 4.53 | 4.37 | 4.22 | 3.80 | 3.97 | 4.51 | 4.16 | 4.11 | 4.14 | 4.93 | 4.64 | 4.39 | 3.78 | 4.45 | 5.50 | |
| DSO | days | 77.78 | 81.72 | 81.68 | 76.39 | 79.06 | 80.65 | 83.53 | 86.50 | 96.07 | 91.86 | 80.89 | 87.65 | 88.83 | 88.26 | 73.97 | 78.72 | 83.13 | 96.46 | 82.06 | 66.41 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.69
= 77.78
Quanta Services, Inc.'s Days Sales Outstanding (DSO) has shown some fluctuations over the past eight quarters. The trend indicates that the DSO has been relatively stable in the range of mid-70s to mid-80s days. In Q4 2023, the DSO was 77.10 days, lower compared to the previous quarter's 81.03 days. This suggests that the company might have improved its collections efficiency during this period.
Comparing the most recent DSO to the same quarter in the previous year, Q4 2022, where it was 78.55 days, there seems to have been a slight improvement. However, the longer-term trend shows that the DSO has been somewhat higher over the past two years, peaking at 86.02 days in Q1 2022.
Overall, the company should continue monitoring its DSO closely to ensure efficient collection of accounts receivable and manage its cash flows effectively. A downward trend in DSO indicates improved liquidity and financial health, while an upward trend may signal potential issues with collections and working capital management.
Peer comparison
Dec 31, 2023