Xcel Energy Inc (XEL)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		10.80	11.15	13.19	12.58	13.77
DSO	days	33.79	32.73	27.67	29.01	26.50

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 10.80
= 33.79

To analyze the Days of Sales Outstanding (DSO) trend for Xcel Energy, Inc., we look at the DSO values over the past five years. DSO measures the average number of days it takes for a company to collect payments from its customers after a sale is made.

Xcel Energy's DSO has shown some fluctuation in recent years. In 2023, the DSO decreased to 55.70 days from 59.08 days in 2022. This decrease indicates that Xcel Energy improved its collection efficiency, requiring fewer days to collect payments from customers.

Comparing the DSO in 2023 to 2021 and 2020, we see an increase from 51.09 and 51.62 days, respectively. This rise suggests that in 2023, Xcel Energy took slightly longer to collect payments compared to the previous two years.

However, when looking back to 2019, the DSO was higher at 49.07 days, indicating that Xcel Energy has improved its collection efficiency over the past five years.

Overall, the DSO trend for Xcel Energy, Inc. shows some variability but has generally demonstrated improvement in managing its accounts receivable and collecting payments from customers more efficiently over the past five years.