Coherent Inc (COHR)
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 | 6.03 | 5.54 | 5.95 | 0.01 | 5.55 | 4.81 | 5.41 | 6.12 | 5.72 | 5.24 | 4.63 | 3.96 | 4.74 | 4.96 | 5.28 | 4.78 | 4.71 | 4.95 | 5.06 | 12.56 | |
| DSO | days | 60.56 | 65.89 | 61.34 | 59,807.88 | 65.79 | 75.86 | 67.49 | 59.66 | 63.77 | 69.68 | 78.83 | 92.09 | 77.07 | 73.63 | 69.06 | 76.38 | 77.44 | 73.76 | 72.16 | 29.05 |
June 30, 2025 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.03
= 60.56
The analysis of Coherent Inc.'s Days of Sales Outstanding (DSO) over the specified period reveals notable fluctuations with a general trend toward improved receivables management in recent quarters. Initially, as of September 30, 2020, the DSO was approximately 29.05 days, indicating efficient collection practices. However, there was a significant increase thereafter, with DSO reaching a peak of approximately 92.09 days as of September 30, 2022, reflecting extended credit collection periods and potential tightening of cash flow from receivables.
Subsequently, the DSO demonstrated a decreasing trend, suggesting an improvement in collection efficiency. By March 31, 2023, the DSO declined to approximately 69.68 days, and further reduced to about 59.66 days by September 30, 2023. This indicates a move towards more effective receivables management and shorter cash conversion cycles. The downward trend persisted into December 2023, with the DSO reaching approximately 67.49 days, and continued improvement was observed in June 2024 with a DSO of around 65.79 days.
An anomalous data point is observed on September 30, 2024, when the DSO spiked to an implausibly high figure of approximately 59,807.88 days, likely attributable to data error or reporting inconsistency. Aside from this anomaly, subsequent values resumed a typical range, with the DSO in December 2024 at approximately 61.34 days, and further slight fluctuations noted through March and June 2025, settling around 60 days, indicative of a relatively stable receivables collection period.
Overall, the trend reflects a phase of increased credit extension leading up to 2022, followed by a concerted effort to tighten credit and improve collection efficiency in the subsequent years. The fluctuations suggest seasonal or operational variances, but the general movement indicates a focus on reducing days sales outstanding and enhancing liquidity management.
Peer comparison
Jun 30, 2025