WEC Energy Group Inc (WEC)

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		5.92	7.43	7.06	5.38	5.28	6.99	6.21	5.22	5.52	7.29	6.72	5.71	6.02	7.96	7.53	6.16	6.39	—	—	—
DSO	days	61.70	49.14	51.73	67.86	69.16	52.21	58.81	69.97	66.09	50.06	54.29	63.90	60.62	45.87	48.47	59.22	57.08	—	—	—

December 31, 2023 calculation

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

Days Sales Outstanding (DSO) is a measure used to evaluate how long it takes for a company to collect revenue after a sale has been made. A lower DSO indicates that the company is collecting payments more quickly, which is generally seen as positive.

Looking at the historical DSO data for WEC Energy Group Inc, we observe some fluctuations in the DSO over the past eight quarters:

- In Q4 2023, the DSO was 61.70 days, which is higher than the previous quarter at 49.14 days.
- The DSO had shown a decreasing trend from Q1 2023 to Q3 2023, reaching a low of 49.14 days in Q3 2023.
- However, in Q4 2022, there was a spike in DSO to 69.16 days, followed by a significant decrease in Q1 2022 to 69.97 days.

Overall, the DSO of WEC Energy Group Inc has shown some variability over the quarters, with fluctuations in the time taken to collect revenue from sales. It is important for the company to monitor and manage its DSO effectively to ensure timely collection of payments and maintain healthy cash flows.