Verizon Communications Inc (VZ)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		5.15	5.58	5.60	5.36	5.19
DSO	days	70.82	65.37	65.14	68.05	70.39

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.15
= 70.82

Verizon Communications Inc's Days Sales Outstanding (DSO) has shown a relatively consistent trend over the past five years. The DSO decreased from 70.39 days in 2019 to 65.14 days in 2021, indicating an improvement in the company's accounts receivable management efficiency. However, there was a slight increase to 68.34 days in 2023 compared to the previous year.

Overall, the DSO levels suggest that Verizon has been effective in collecting payments from its customers in a timely manner over the years, with fluctuations likely influenced by various factors such as industry trends, economic conditions, and company-specific strategies. Verizon should continue to monitor and manage its DSO to ensure optimal cash flow and working capital management.