Cardinal Health Inc (CAH)
Days of sales outstanding (DSO)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 16.81 | 17.55 | 17.97 | 19.06 | 18.78 | 19.07 | 18.34 | 18.66 | 18.46 | 18.07 | 16.90 | 16.94 | 17.17 | 17.25 | 18.21 | 17.99 | 17.85 | 17.94 | 17.93 | 17.91 | |
| DSO | days | 21.72 | 20.80 | 20.31 | 19.15 | 19.43 | 19.14 | 19.91 | 19.56 | 19.78 | 20.20 | 21.60 | 21.55 | 21.25 | 21.16 | 20.04 | 20.29 | 20.45 | 20.34 | 20.36 | 20.39 |
June 30, 2025 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 16.81
= 21.72
The analysis of Cardinal Health Inc.’s days of sales outstanding (DSO) over the period from September 2020 through June 2025 reveals a relatively stable credit collection cycle with minor fluctuations. Throughout this timeframe, the DSO predominantly remained within a narrow range of approximately 19.14 to 21.72 days.
Initially, the DSO demonstrated consistency, averaging around 20.3 days from September 2020 through September 2021. Notably, between March 2022 and December 2022, there was a slight upward trend with DSO increasing from approximately 21.16 days to 21.60 days, indicating a marginal elongation in collection periods. This increase may suggest some easing in collection efficiency or a strategic extension of credit terms during this interval.
Following this period, a slight reduction is observed, with the DSO decreasing to about 19.14 days in March 2024, signifying an improvement in receivables collection efficiency. From that point onward, the DSO shows fluctuations, with values moving upward slightly to 21.72 days by June 2025, reflecting a modest lengthening of the receivables turnover period.
Overall, the DSO trend implies consistent credit management practices, with only minor variations over the analyzed period. The low to mid-20-day range indicates that Cardinal Health Inc. maintains a relatively efficient receivables collection process, aligning with industry standards for healthcare distributors. The small fluctuations suggest a stable credit policy and collection effectiveness, with some periods of marginal extension potentially driven by strategic or market-related factors rather than systemic issues.
Peer comparison
Jun 30, 2025