Vistra Energy Corp (VST)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		6.44	5.10	6.57	6.55	6.35
DSO	days	56.66	71.60	55.55	55.72	57.46

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.44
= 56.66

The Days Sales Outstanding (DSO) ratio for Vistra Corp has exhibited fluctuations over the past five years. In 2023, the company's DSO stands at 41.49 days, indicating that, on average, it takes approximately 41 days for the company to collect revenue from its customers. This represents an improvement from the previous year, where the DSO was 55.46 days, suggesting a more efficient collection of accounts receivable in the current period.

Comparing the DSO to the figures from 2021 and 2020, we observe a relatively consistent performance in terms of collection efficiency, with DSO hovering around 40-43 days. However, the DSO in 2022 experienced a notable increase to 55.46 days, which may warrant further investigation into potential reasons for the delay in customer payments during that period.

Looking back to 2019, the DSO was slightly lower at 42.19 days compared to the most recent year. This indicates a marginal improvement in Vistra Corp's collection process over the past five years.

Overall, the trend in DSO suggests that Vistra Corp has generally managed its accounts receivable effectively, with fluctuations observed in certain years. It is essential for the company to continue monitoring and optimizing its collection process to ensure timely receipt of payments and maintain healthy cash flow levels.