The Cooper Companies Inc. (COO)

Days of sales outstanding (DSO)

Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019
Receivables turnover 5.46 5.72 5.38 5.87 5.64 5.79 5.84 5.84 5.71 5.62 5.28 5.39 5.29 5.51 5.35 6.78 6.48 6.06 6.42 6.55
DSO days 66.80 63.80 67.81 62.21 64.72 63.05 62.50 62.52 63.98 64.99 69.09 67.72 68.98 66.20 68.21 53.82 56.34 60.26 56.89 55.75

January 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.46
= 66.80

The days sales outstanding (DSO) for Cooper Companies, Inc. have shown some fluctuation over the past eight quarters. In Q1 2024, the DSO was 64.81 days, which increased from the previous quarter. This implies that on average, Cooper Companies took around 64.81 days to collect its accounts receivable.

Although there was an increase in Q1 2024, the DSO has generally remained within a relatively narrow range over the period analyzed, ranging from 60.14 days to 65.43 days. This suggests that Cooper Companies has been effective in managing its accounts receivable turnover consistently, with only minor variations in payment collection efficiency.

The trend in DSO indicates that the company typically collects payments from its customers within approximately two to three months after making a sale. Monitoring and maintaining the DSO at an optimal level is crucial for managing cash flows and working capital effectively in the company's operations. Cooper Companies may need to further assess the reasons behind the fluctuations in DSO to ensure timely collection of accounts receivable and optimize its financial performance.


Peer comparison

Jan 31, 2024

Company name
Symbol
DSO
The Cooper Companies Inc.
COO
66.80
National Vision Holdings Inc
EYE
14.90
STAAR Surgical Company
STAA
109.99