Coty Inc (COTY)

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 11.19 10.48 10.25 8.74 12.70 — 12.01 — 9.07 13.40 12.14 11.02 12.20 10.85 9.94 7.19 13.30 10.37 8.70 10.65
DSO days 32.60 34.83 35.62 41.77 28.73 — 30.38 — 40.25 27.24 30.06 33.12 29.92 33.65 36.70 50.77 27.43 35.20 41.93 34.26

June 30, 2025 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 11.19
= 32.60

The analysis of Coty Inc.'s days of sales outstanding (DSO) over the specified period indicates variability in the company's receivables collection efficiency. As of September 30, 2020, the DSO was approximately 34.26 days, reflecting a relatively efficient collection process. This figure increased notably by December 31, 2020, reaching approximately 41.93 days, suggesting a slowdown in receivables collection or an extension in credit terms during that quarter.

In the subsequent quarters, fluctuations are observed. The DSO decreased to around 35.20 days by March 31, 2021, but then declined further to approximately 27.43 days by June 30, 2021, indicating an improvement in cash collection efficiency. The DSO spiked again to about 50.77 days on September 30, 2021, which may imply delays in collections or atypical customer payment behaviors during that period.

Following this peak, a downward trend is apparent, with the DSO dropping to roughly 36.70 days at the end of 2021, then decreasing further to approximately 33.65 days in the first quarter of 2022, and consistently staying below 34 days through March 2022. By June 30, 2022, the DSO was approximately 29.92 days. This period reflects an overall improvement in receivables management and collection cycles.

In late 2022, the DSO stabilized around 30 days, with the values at December 31, 2022 (30.06 days), September 30, 2022 (33.12 days), and March 31, 2023 (27.24 days). A notable increase occurred again in June 2023 to approximately 40.25 days, followed by a slight reduction to around 35.62 days at year-end.

For the subsequent quarters, the DSO values demonstrate ongoing variability; it increased to 41.77 days on September 30, 2024, then decreased to 35.62 days at December 2024, before rising again to approximately 34.83 days in March 2025. The most recent data point from June 30, 2025, indicates a DSO of about 32.60 days.

Overall, Coty Inc.’s DSO exhibits periods of both improvement and deterioration, reflecting dynamic changes in credit policies, customer payment behaviors, and possibly external market conditions affecting cash collection timelines. The volatility suggests ongoing management challenges in maintaining consistent receivables turnover performance.