SunCoke Energy Inc (SXC)

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		23.06	24.88	20.88	24.50	18.52	15.10	15.19	14.74	17.80	22.02	25.33	27.48	27.70	29.49	30.21	28.52	25.94	25.07	15.49	17.29
DSO	days	15.83	14.67	17.48	14.90	19.71	24.18	24.04	24.77	20.50	16.58	14.41	13.28	13.18	12.38	12.08	12.80	14.07	14.56	23.56	21.12

December 31, 2023 calculation

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

Days of Sales Outstanding (DSO) is a key metric used to evaluate how efficiently a company is managing its accounts receivable. It indicates the average number of days it takes for a company to collect payment after a sale has been made. A lower DSO value is preferable as it signifies quicker cash conversion.

Analyzing the DSO trend of SunCoke Energy Inc from Q1 2022 to Q4 2023, we observe fluctuations in the company's collection efficiency. In Q4 2023, the DSO decreased to 15.87 days from 14.46 days in Q3 2023, indicating a slight increase in the time taken to collect payments. Despite this increase, the DSO remained relatively low compared to previous quarters, implying efficient accounts receivable management.

Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), the company has shown improvement as the DSO decreased from 19.39 days to 15.87 days. This signifies that SunCoke Energy Inc has been more effective in collecting payments from customers in a timely manner, potentially improving cash flow and liquidity.

Overall, SunCoke Energy Inc's DSO trend indicates a positive direction in terms of managing accounts receivable efficiently. However, it is important for the company to continue monitoring and optimizing this metric to ensure timely collections and improved cash flow management.