Cardinal Health Inc (CAH)
Days of sales outstanding (DSO)
| Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 18.76 | 19.06 | 18.33 | 18.65 | 18.46 | 18.07 | 16.90 | 16.94 | 17.17 | 17.25 | 18.21 | 17.99 | 17.85 | 17.94 | 17.93 | 17.91 | 18.50 | 17.03 | 18.07 | 18.03 | |
| DSO | days | 19.46 | 19.15 | 19.92 | 19.57 | 19.78 | 20.19 | 21.60 | 21.55 | 21.25 | 21.16 | 20.04 | 20.29 | 20.45 | 20.34 | 20.36 | 20.39 | 19.72 | 21.43 | 20.19 | 20.24 |
June 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 18.76
= 19.46
The Days Sales Outstanding (DSO) for Cardinal Health Inc has shown a relatively stable trend over the past several quarters, ranging between 19 to 22 days. The DSO measures the average number of days it takes for the company to collect its accounts receivable, indicating the efficiency of its credit and collection processes.
The company's DSO decreased slightly from the first quarter of 2020 through the fourth quarter of 2020, indicating that Cardinal Health was able to collect its accounts receivable more quickly during this period. However, there was a slight increase in DSO in the first half of 2021, which may indicate some challenges in collecting payments during that period.
From the second half of 2021 through the first half of 2024, the DSO remained relatively stable, showing consistent performance in managing its accounts receivable. Overall, the stable DSO trend suggests that Cardinal Health has been effective in managing its credit and collection processes to ensure timely cash inflows from customers.
Peer comparison
Jun 30, 2024