The Cooper Companies, Inc. Common Stock (COO)
Days of sales outstanding (DSO)
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.43 | 5.72 | 5.79 | 5.62 | 5.50 | |
| DSO | days | 67.18 | 63.80 | 63.05 | 64.99 | 66.41 |
October 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.43
= 67.18
The days of sales outstanding (DSO) ratio for The Cooper Companies, Inc. Common Stock has shown a fluctuating trend over the past five years. In the latest fiscal year ending October 31, 2024, the DSO was at 67.18 days, which is higher compared to the previous year. This indicates that the company took longer to collect its accounts receivable in the most recent period.
In general, a higher DSO could suggest potential issues with the company's credit and collection policies, as it implies a delay in converting its accounts receivable into cash. It may also indicate a higher risk of bad debts if customers are taking longer to pay.
Conversely, a lower DSO could indicate strong credit control and efficient collections processes, which would be favorable for the company's liquidity and cash flow management.
To get a more comprehensive insight into the company's DSO trend, further analysis and comparison with industry benchmarks and peers would be beneficial to understand the effectiveness of The Cooper Companies, Inc. Common Stock in managing its receivables and operating efficiently.
Peer comparison
Oct 31, 2024