UNITIL Corporation (UTL)

Days of sales outstanding (DSO)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Receivables turnover		11.71	14.68	14.91	11.57	12.79	16.03	16.87	11.90	11.96	13.75	15.24	12.43	12.37	15.39	15.37	11.12	12.12	14.67	15.34	12.44
DSO	days	31.16	24.86	24.48	31.54	28.54	22.76	21.64	30.67	30.51	26.55	23.95	29.36	29.50	23.71	23.75	32.81	30.12	24.89	23.79	29.33

December 31, 2024 calculation

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

From the data provided, UNITIL Corporation's Days Sales Outstanding (DSO) has shown some fluctuation over the past few years. DSO measures the average number of days it takes for a company to collect revenue after a sale has been made.

Looking at the trend, the DSO for UNITIL Corporation ranged from as low as 21.64 days to as high as 32.81 days during the period from March 31, 2020, to December 31, 2024. In general, a lower DSO is considered better as it indicates that the company is collecting its accounts receivable more quickly.

Overall, UNITIL Corporation's DSO has shown some variability but has generally remained within a relatively stable range over the years. It would be important for the company to monitor and manage its accounts receivable effectively to ensure timely collection of revenues and maintain healthy cash flows.