UNITIL Corporation (UTL)

Days of sales outstanding (DSO)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Receivables turnover		11.71	12.79	11.96	12.37	12.12
DSO	days	31.16	28.54	30.51	29.50	30.12

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 11.71
= 31.16

Based on the data provided for UNITIL Corporation's days of sales outstanding (DSO) over the years, we observe the following trend:

- As of December 31, 2020, the DSO was 30.12 days.
- By December 31, 2021, the DSO improved slightly to 29.50 days.
- There was a slight increase in DSO to 30.51 days by December 31, 2022.
- Subsequently, by December 31, 2023, the DSO decreased to 28.54 days.
- Finally, as of December 31, 2024, there was a slight uptick in DSO to 31.16 days.

Overall, the trend in UNITIL Corporation's DSO indicates some variability but generally shows a relatively stable and efficient collection cycle for accounts receivable. The decrease in DSO from 2020 to 2023 and a slight increase in 2024 suggest improvements in the company's accounts receivable management efficiency. It is important for the company to continue monitoring and managing its DSO to ensure timely collection of outstanding sales.