WEC Energy Group Inc (WEC)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		5.92	5.28	5.52	6.02	6.39
DSO	days	61.70	69.16	66.09	60.62	57.08

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.92
= 61.70

The Days of Sales Outstanding (DSO) for WEC Energy Group Inc have shown some fluctuations over the past five years. In 2023, the DSO stands at 61.70 days, which is an improvement compared to 2022 when it was 69.16 days. This suggests that the company has been able to collect its accounts receivable more efficiently in the most recent year.

Comparing to 2021 and 2020, where the DSO was 66.09 days and 60.62 days respectively, the current DSO of 61.70 days falls in between. It indicates a slight increase from the low point in 2020 but still better than the DSO in 2021.

Looking further back to 2019, the DSO was 57.08 days, which was lower compared to the DSO in 2023. This implies that the company took longer to collect its accounts receivable in the most recent year compared to 2019.

Overall, while the DSO has fluctuated over the years, the recent decrease from 2022 to 2023 is a positive sign of improved efficiency in collecting receivables, although the DSO remains higher than the levels seen in 2019. The company may need to continue monitoring and managing its accounts receivable to ensure optimal cash flow and working capital management.