Werner Enterprises Inc (WERN)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		7.34	6.31	5.89	6.88	7.50
DSO	days	49.71	57.86	61.92	53.07	48.67

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.34
= 49.71

Werner Enterprises, Inc.'s Days Sales Outstanding (DSO) has shown a fluctuating trend over the past five years. In 2023, the DSO decreased to 52.29 days from 60.87 days in 2022. This indicates that the company is collecting its accounts receivables more efficiently compared to the previous year.

However, when compared to 2021 and 2020, where the DSO was 64.74 days and 56.10 days respectively, the current DSO of 52.29 days suggests a positive trend in managing credit sales.

In 2019, the DSO was slightly lower at 55.57 days compared to 2023, indicating that the company has improved its collections process over the years. Overall, a lower DSO signifies that Werner Enterprises, Inc. is collecting cash from its customers more quickly, which is a positive indicator of its liquidity and efficiency in managing accounts receivables.