Range Resources Corp (RRC)

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		8.00	15.08	13.25	16.94	12.29	18.70	24.31	20.12	8.62	6.44	5.38	6.02	6.21	5.35	6.54	6.63	7.79	10.81	13.59	14.74
DSO	days	45.64	24.20	27.54	21.54	29.71	19.52	15.02	18.14	42.34	56.70	67.82	60.67	58.77	68.21	55.82	55.01	46.84	33.76	26.86	24.76

December 31, 2024 calculation

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

Range Resources Corp's days of sales outstanding (DSO) measures the average number of days it takes for the company to collect revenue from its sales.

Looking at the DSO data provided, we observe some fluctuations over the quarters. For the data available from March 31, 2020, to December 31, 2024, the DSO ranges from a low of 15.02 days to a high of 68.21 days.

In the first half of the data period, there seems to be a general upward trend in DSO from March 31, 2020, to September 30, 2021. This could indicate potential delays in collecting revenue from customers during this period.

However, from December 31, 2021, to June 30, 2024, we notice a more erratic pattern with fluctuations in DSO figures. For instance, DSO drops to 18.14 days by March 31, 2023, but then rises again to 45.64 days by December 31, 2024.

It is important for Range Resources Corp to manage its DSO effectively as a high DSO could indicate issues with accounts receivable management and cash flow, while a low DSO may suggest efficient credit and collection policies.

Further analysis could involve comparing the company's DSO with industry benchmarks or historical data to assess its performance and identify areas for improvement in revenue collection processes.