Southwest Gas Holdings Inc (SWX)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 6.12 | 5.67 | 5.08 | 6.19 | 6.17 | |
| DSO | days | 59.68 | 64.39 | 71.80 | 58.98 | 59.18 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.12
= 59.68
The Days of Sales Outstanding (DSO) for Southwest Gas Holdings Inc have fluctuated over the past five years. In 2023, the DSO decreased to 65.93 days from 70.87 days in 2022. This indicates that the company collected its accounts receivables more efficiently in 2023 compared to the previous year.
Looking back further, in 2021, the DSO was higher at 80.22 days, suggesting a longer period for the collection of accounts receivables. The DSO in 2020 was 68.10 days, showing a slight improvement from 2019 when it was 68.43 days.
Overall, Southwest Gas Holdings Inc's DSO has shown some variability over the years, but the recent decrease in 2023 is a positive sign of improved efficiency in collecting receivables. Continued monitoring of DSO trends will be important to assess the company's effectiveness in managing its accounts receivable turnover.
Peer comparison
Dec 31, 2023