Coherent Inc (COHR)
Days of sales outstanding (DSO)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.20 | 5.40 | 4.56 | 4.57 | 3.80 | |
| DSO | days | 70.20 | 67.60 | 80.03 | 79.78 | 96.00 |
June 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.20
= 70.20
The days of sales outstanding (DSO) for Coherent Inc have shown a fluctuating trend over the past five years. In 2024, the DSO stands at 70.20 days, which is slightly higher compared to the previous year's 67.60 days. This indicates that Coherent Inc took an average of 70.20 days to collect its accounts receivable in 2024.
Looking back, there was a noticeable improvement in 2023 compared to 2022 when the DSO was 80.03 days. However, in 2021 and 2020, the DSO was relatively high at 79.78 days and 96.00 days, respectively. These figures suggest that Coherent Inc may have faced challenges in efficiently collecting its accounts receivable during those years.
Overall, while there has been some variability in the DSO over the years, it is essential for Coherent Inc to monitor and manage its accounts receivable effectively to ensure optimal cash flow and operational efficiency.
Peer comparison
Jun 30, 2024