Union Pacific Corporation (UNP)
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 | 11.19 | 12.09 | 13.16 | 12.43 | 12.67 | 10.98 | 10.60 | 10.88 | 12.05 | 12.63 | 12.34 | 11.99 | 12.98 | 12.53 | 14.55 | 12.91 | 13.61 | 13.49 | 12.53 | 13.60 | |
| DSO | days | 32.62 | 30.19 | 27.73 | 29.37 | 28.81 | 33.24 | 34.44 | 33.56 | 30.30 | 28.89 | 29.57 | 30.44 | 28.12 | 29.14 | 25.08 | 28.26 | 26.82 | 27.06 | 29.13 | 26.84 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 11.19
= 32.62
To analyze Union Pacific Corp.'s days of sales outstanding (DSO) over the past eight quarters, we observe a fluctuating trend. In Q4 2023, the DSO stood at 31.37 days, representing an increase from the previous quarter's 29.24 days. This suggests that the company took slightly longer to collect its accounts receivable in the most recent quarter.
Looking further back, the DSO has shown variability, with Q2 2023 reporting the lowest DSO of 26.91 days in the period under review. However, there was an uptick in Q3 2023 before a decrease in Q4 2023. Comparing year-over-year data, the latest quarter's DSO of 31.37 days is higher than Q4 2022's 27.75 days, indicating a lengthening of the collection period.
Considering the historical range, the DSO has generally fluctuated between 26.91 days (Q2 2023) and 31.97 days (Q2 2022) over the past eight quarters. This variability may be influenced by factors such as changes in sales volumes, customer payment behaviors, or the effectiveness of the company's accounts receivable management.
A rising DSO trend could signal potential issues with accounts receivable management or difficulties in collecting payments promptly. Conversely, a declining DSO trend may indicate improved efficiency in receivables collection. Further analysis of Union Pacific Corp.'s DSO in conjunction with other financial metrics would provide a more comprehensive understanding of the company's overall financial performance and liquidity position.
Peer comparison
Dec 31, 2023
See also:
Union Pacific Corporation Average Receivable Collection Period (Quarterly Data)