Southwestern Energy Company (SWN)

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		12.93	18.76	20.70	21.04	9.65	7.17	6.54	8.02	5.60	4.77	5.12	5.57	6.30	9.56	10.79	11.01	9.33	11.30	10.56	9.53
DSO	days	28.22	19.46	17.63	17.35	37.84	50.93	55.82	45.52	65.20	76.55	71.22	65.53	57.95	38.19	33.83	33.15	39.12	32.31	34.57	38.31

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 12.93
= 28.22

The Days of Sales Outstanding (DSO) for Southwestern Energy Company has shown fluctuations over the past eight quarters. In Q4 2023, the DSO was 38.06 days, a notable increase from Q3 2023, where it was 26.76 days. This suggests that the company took longer to collect its accounts receivable in the most recent quarter compared to the previous quarter.

Looking further back, the trend shows a decrease in DSO from Q2 2023 (19.30 days) to Q1 2023 (17.17 days), indicating an improvement in the efficiency of accounts receivable collection during that period.

Comparing the latest quarter to Q4 2022, which had a DSO of 34.09 days, there has been an increase in the number of days it takes to collect sales. However, the DSO in Q4 2023 is still lower than in Q2 and Q3 of 2022, where it was significantly higher at 55.91 days and 44.17 days, respectively.

Overall, Southwestern Energy Company should continue monitoring its DSO to ensure the efficient management of accounts receivable and timely collection of sales to maintain healthy cash flows.