Coherent Inc (COHR)
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 | 5.21 | 4.50 | 5.07 | 5.78 | 5.47 | 5.03 | 4.47 | 3.83 | 4.57 | 4.84 | 5.20 | 4.71 | 4.62 | 4.83 | 4.90 | 4.62 | 3.83 | 3.88 | 3.40 | 2.65 | |
| DSO | days | 70.02 | 81.13 | 71.99 | 63.18 | 66.68 | 72.54 | 81.73 | 95.32 | 79.83 | 75.48 | 70.18 | 77.57 | 79.06 | 75.62 | 74.51 | 79.08 | 95.35 | 94.08 | 107.23 | 137.62 |
June 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.21
= 70.02
The days of sales outstanding (DSO) for Coherent Inc have varied over the past few quarters, indicating fluctuations in the company's accounts receivable management.
- The DSO was 70.02 days as of June 30, 2024, showing an improvement compared to the previous quarter.
- Prior to that, the DSO had increased to 81.13 days as of March 31, 2024, suggesting a longer collection period for receivables.
- The DSO was 71.99 days as of December 31, 2023, slightly lower than the previous quarter, indicating potential efficiency in collecting receivables.
- On September 30, 2023, the DSO was 63.18 days, reflecting a shorter collection period compared to the earlier quarter.
- The DSO was 66.68 days as of June 30, 2023, showing a slight increase compared to the previous quarter.
Overall, Coherent Inc's DSO has shown some fluctuations, with periods of improvement and some increases in the collection period. The company may benefit from focusing on managing accounts receivable effectively to optimize cash flow and working capital management.
Peer comparison
Jun 30, 2024