SunCoke Energy Inc (SXC)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		23.06	18.52	17.80	27.70	25.94
DSO	days	15.83	19.71	20.50	13.18	14.07

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 23.06
= 15.83

Based on the historical data for SunCoke Energy Inc's Days of Sales Outstanding (DSO), we observe fluctuating trends over the past five years. In 2023, the DSO stands at 15.87 days, showing a decrease compared to the previous year's 19.39 days in 2022. This suggests that the company has been more efficient in collecting its accounts receivable in 2023.

However, when compared to 2021 and 2020, where the DSO was 19.45 and 14.18 days respectively, the DSO in 2023 remains relatively consistent. It is interesting to note that in 2020, there was a significant drop in DSO compared to the prior year, indicating improved efficiency in receivables collection.

Moreover, comparing the DSO in 2019 and 2023, we see minimal change, with 14.07 days in 2019 and 15.87 days in 2023. This suggests that the company has maintained a relatively stable DSO over these years.

Overall, while there have been fluctuations in SunCoke Energy Inc's DSO over the past five years, the recent decrease in 2023 compared to 2022 indicates improved efficiency in managing accounts receivable. Monitoring DSO trends can provide insights into the company's liquidity and effectiveness in collecting outstanding sales.