Vistra Energy Corp (VST)

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		6.44	5.61	6.88	7.66	5.10	5.40	4.51	7.06	6.57	5.65	6.45	6.60	6.55	6.43	6.51	7.89	6.35	6.10	7.83	8.83
DSO	days	56.66	65.01	53.07	47.65	71.60	67.64	80.86	51.70	55.55	64.55	56.59	55.34	55.72	56.74	56.09	46.25	57.46	59.80	46.60	41.34

December 31, 2023 calculation

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

To analyze Vistra Corp's Days Sales Outstanding (DSO) over the past eight quarters, we observe fluctuations in the collection period of the company's accounts receivable.

In Q4 2023, the DSO decreased to 41.49 days from 47.57 days in Q3 2023, indicating a more efficient collection of receivables. This improvement may suggest a focused effort on prompt invoice processing and collection procedures.

Comparing Q4 2023 to the previous year's Q4 2022, the company has made significant progress as DSO has decreased from 55.46 days to 41.49 days. This reduction signifies enhanced liquidity and potentially better credit management.

Furthermore, in Q2 2022, Vistra Corp experienced a peak in DSO at 59.89 days, which was considerably higher compared to the recent quarters. This elevated DSO could indicate challenges in collecting outstanding payments, potentially affecting cash flow and working capital.

Overall, a lower DSO reflects a quicker conversion of sales into cash, indicating effective credit policies and efficient accounts receivable management. Vistra Corp's trend of decreasing DSO in recent quarters suggests positive momentum in its receivables management and financial health. Monitoring DSO trends will be essential for assessing the company's ability to collect receivables promptly and maintain liquidity in the future.