Range Resources Corp (RRC)

Days of sales outstanding (DSO)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Receivables turnover		8.00	12.29	8.62	6.21	7.79
DSO	days	45.64	29.71	42.34	58.77	46.84

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.00
= 45.64

Range Resources Corp's Days of Sales Outstanding (DSO) is a key metric used to evaluate the efficiency of the company's accounts receivable management. DSO measures the average number of days it takes for the company to collect payment after making a sale.

From the data provided:
- As of December 31, 2020, Range Resources Corp had a DSO of 46.84 days. This indicates that, on average, it took the company almost 47 days to collect payment for its sales.
- By December 31, 2021, the DSO increased to 58.77 days, signifying a slower collection process compared to the previous year.
- The DSO decreased significantly to 42.34 days by December 31, 2022, suggesting an improvement in the company's accounts receivable management.
- Further improvement was observed by December 31, 2023, as the DSO dropped to 29.71 days. This indicates a more efficient collection process, with payments being received faster.
- However, by December 31, 2024, the DSO increased slightly to 45.64 days, showing a slight slowdown in the collection of accounts receivable compared to the previous year.

Overall, Range Resources Corp's DSO fluctuated over the years, with some improvement in collection efficiency seen in certain periods. Monitoring DSO trends helps assess the company's effectiveness in managing its receivables and cash flow.