Viper Energy Ut (VNOM)

Days of sales outstanding (DSO)

		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	Dec 31, 2019
Receivables turnover		—	—	—	1,018.08	—	—	10.04	10.61	8.80	6.00	6.19	7.36	8.81	8.34	6.43	7.78	8.32	8.59	8.31	5.13
DSO	days	—	—	—	0.36	—	—	36.36	34.40	41.50	60.80	58.95	49.57	41.41	43.76	56.72	46.91	43.89	42.50	43.93	71.08

September 30, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —

Based on the data provided, the days of sales outstanding (DSO) for Viper Energy Ut have fluctuated over the periods analyzed. DSO represents the average number of days it takes for a company to collect payment after making a sale. A lower DSO indicates a company is collecting payments more quickly, while a higher DSO suggests slower collections.

In the most recent period (September 30, 2024), the DSO figure was not available. However, comparing to the previous period ending June 30, 2024, which also lacks a specific DSO value, it suggests that there may have been relatively stable collections.

The DSO value of 0.36 days on December 31, 2023, indicates that Viper Energy Ut was able to collect payments very quickly at the end of that period. However, this figure may not accurately portray the company's usual collection efficiency due to potential anomalies or specific circumstances during that time.

Looking further back, the DSO has shown some variability with peaks around 60-70 days, indicating slower collections, and lows in the mid-30s days, suggesting more efficient collection periods. This fluctuation could be influenced by changes in the company's credit policies, customer payment behaviors, sales volume, or economic conditions impacting overall cash flow.

Overall, it would be beneficial for Viper Energy Ut to analyze the trends in DSO over time and implement strategies to maintain consistent and prompt collections to improve cash flow and financial stability. Periodic monitoring and management of DSO are essential to ensure the company's liquidity and operational efficiency.