XPO Logistics Inc (XPO)

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		7.96	7.21	7.54	7.59	8.09	4.61	4.84	5.23	6.10	6.27	3.74	3.88	4.53	5.42	7.00	6.81	6.68	6.56	6.27	6.11
DSO	days	45.86	50.63	48.40	48.11	45.12	79.15	75.36	69.86	59.83	58.18	97.51	93.96	80.65	67.32	52.15	53.61	54.65	55.65	58.18	59.73

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.96
= 45.86

The Days Sales Outstanding (DSO) of XPO Inc has fluctuated over the past eight quarters. In Q4 2023, the DSO decreased to 45.86 days from a high of 102.39 days in Q3 2023, indicating an improvement in the collection of accounts receivable. Compared to the same period last year, Q4 2022, there was a slight increase from 45.12 days.

In Q3 2023, the DSO was notably high at 102.39 days, which may have raised concerns about the company's ability to efficiently collect receivables. However, this was followed by a significant improvement in Q4 2023, suggesting that the company may have implemented better collection strategies.

Looking at the trend over the past eight quarters, it is evident that XPO Inc experienced fluctuations in its DSO. It is important for the company to monitor and manage its DSO effectively to ensure timely collection of receivables and optimize cash flow.