Viper Energy Ut (VNOM)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 1,018.08 | 10.61 | 7.36 | 7.78 | 5.13 | |
| DSO | days | 0.36 | 34.40 | 49.57 | 46.91 | 71.08 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 1,018.08
= 0.36
The days of sales outstanding (DSO) of Viper Energy Ut have shown a positive trend of improvement over the past five years. In particular, the company's DSO has significantly decreased from 71.08 days in 2019 to just 0.36 days in 2023. This indicates that the company has become more efficient in collecting its accounts receivable and converting sales into cash, which is a positive sign of effective management of working capital. Overall, the decreasing trend in DSO suggests that Viper Energy Ut has been able to optimize its receivables management and enhance its cash flow generation capabilities in recent years.
Peer comparison
Dec 31, 2023