UGI Corporation (UGI)
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 | 6.98 | 9.77 | 9.54 | 6.46 | 6.26 | 8.05 | 7.06 | 4.99 | 5.15 | 7.39 | 7.31 | 5.22 | 5.82 | 8.96 | 9.76 | 6.64 | 7.05 | 11.43 | 9.54 | 6.11 | |
| DSO | days | 52.31 | 37.37 | 38.24 | 56.54 | 58.34 | 45.33 | 51.69 | 73.14 | 70.83 | 49.41 | 49.94 | 69.95 | 62.77 | 40.73 | 37.39 | 54.96 | 51.78 | 31.95 | 38.24 | 59.77 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.98
= 52.31
To analyze UGI Corp.'s days of sales outstanding (DSO) over the past eight quarters, we can observe a fluctuating trend. In Q1 2024, the DSO stood at 57.59 days, representing an increase from the previous quarter's value of 38.72 days in Q4 2023. This indicates a potential slowdown in collecting accounts receivable compared to the prior period.
Despite the quarterly variation, the DSO values have generally been above 30 days, suggesting that UGI Corp. takes more than a month, on average, to collect outstanding sales. The highest DSO was recorded in Q2 2022 at 76.23 days, indicating an extended collection period at that time. Conversely, the lowest DSO value within the period was 38.72 days in Q4 2023, demonstrating a relatively efficient collection process during that quarter.
Overall, monitoring UGI Corp.'s DSO trend is crucial for assessing the efficiency of its account receivables management. A rising DSO may signal potential liquidity or credit risks, while a declining DSO could indicate an improvement in the company's collection practices. Further analysis and comparison with industry benchmarks would provide a more comprehensive evaluation of UGI Corp.'s performance in managing its sales outstanding.
Peer comparison
Dec 31, 2023