Valero Energy Corporation (VLO)

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		11.51	11.98	14.39	17.94	14.75	14.66	10.72	10.01	10.91	10.92	8.83	7.04	10.63	13.60	21.10	19.69	12.05	13.66	12.46	13.86
DSO	days	31.70	30.46	25.37	20.35	24.74	24.91	34.05	36.48	33.47	33.42	41.32	51.84	34.35	26.83	17.29	18.54	30.29	26.73	29.29	26.34

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 11.51
= 31.70

To analyze Valero Energy Corp.'s Days of Sales Outstanding (DSO) based on the provided data, we observe a fluctuating trend over the eight quarters presented. The DSO for the most recent quarter, Q4 2023, stood at 31.58 days, indicating an increase compared to the previous quarter, Q3 2023, which reported 30.36 days.

Furthermore, the DSO values show a varying pattern over the quarters, with the lowest DSO observed in Q1 2023 at 20.29 days and the highest DSO occurring in Q1 2022 at 36.25 days. This suggests fluctuations in the company's accounts receivable collection efficiency and liquidity management during the analyzed period.

Overall, by analyzing the DSO trend for Valero Energy Corp., it is essential to closely monitor and assess their accounts receivable management strategies to ensure optimal cash flow and efficient collection processes.