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