Tenet Healthcare Corporation (THC)
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 | 6.74 | 6.67 | 6.55 | 6.48 | 6.24 | 5.76 | 5.79 | 6.38 | 6.74 | 7.03 | 7.01 | 6.46 | 6.58 | 6.91 | 7.25 | 6.74 | 6.71 | 6.57 | 6.62 | 6.58 | |
| DSO | days | 54.12 | 54.76 | 55.69 | 56.30 | 58.48 | 63.36 | 63.04 | 57.19 | 54.13 | 51.95 | 52.05 | 56.52 | 55.50 | 52.83 | 50.32 | 54.19 | 54.38 | 55.59 | 55.17 | 55.50 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.74
= 54.12
The days of sales outstanding (DSO) for Tenet Healthcare Corp. have shown a consistent trend over the past eight quarters. DSO has ranged from 51.72 days to 55.46 days during this period. It is notable that there was a slight decrease in DSO from Q4 2022 to Q1 2023, followed by a slight increase in subsequent quarters.
Overall, the DSO figures indicate that on average, it takes Tenet Healthcare Corp. around 52 to 55 days to collect payments from its customers. A lower DSO suggests that the company is efficient in collecting revenue from its sales, while a higher DSO may signify possible challenges in receivables management.
Further analysis and comparison with industry benchmarks would provide more insights into Tenet Healthcare Corp.'s effectiveness in managing its accounts receivable and cash flow.
Peer comparison
Dec 31, 2023