The Cooper Companies, Inc. Common Stock (COO)
Days of sales outstanding (DSO)
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 5.39 | 5.07 | 5.30 | 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 | |
| DSO | days | 67.70 | 71.97 | 68.90 | 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 |
October 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.39
= 67.70
The days of sales outstanding (DSO) for The Cooper Companies, Inc. Common Stock have shown some fluctuations over the past few years. The DSO figures ranged from a low of 53.82 days as of January 31, 2020, to a high of 71.97 days as of July 31, 2024. Overall, the trend suggests that the company's collection period for accounts receivable has been relatively stable, with some minor variations.
The DSO value signifies the average number of days it takes for the company to collect payments from its customers for goods or services provided. A lower DSO is generally preferred as it indicates a shorter collection period and better liquidity, whereas a higher DSO could imply potential issues with credit policies, collection efficiency, or customer payment behavior.
It would be beneficial for The Cooper Companies, Inc. to continue monitoring and managing their DSO effectively to ensure optimal cash flow management and efficient accounts receivable processes. The company may also consider implementing strategies to streamline collections, strengthen credit controls, and enhance customer relationships to further improve their working capital management.
Peer comparison
Oct 31, 2024