Coty Inc (COTY)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,892,900 | 6,003,900 | 6,090,400 | 6,148,100 | 6,118,000 | 6,106,200 | 6,009,500 | 5,805,500 | 5,554,100 | 5,370,800 | 5,268,100 | 5,322,700 | 5,304,400 | 5,198,500 | 5,040,100 | 4,877,500 | 4,629,900 | 4,127,900 | 4,628,100 | 5,557,500 |
| Receivables | US$ in thousands | 526,400 | 572,900 | 594,300 | 703,500 | 481,600 | -406,700 | 500,200 | -467,100 | 612,500 | 400,800 | 433,800 | 483,000 | 434,800 | 479,200 | 506,800 | 678,500 | 348,000 | 398,100 | 531,700 | 521,700 |
| 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 |
June 30, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,892,900K ÷ $526,400K
= 11.19
The receivables turnover ratios for Coty Inc. over the designated periods indicate fluctuations in the company's efficiency in collecting its accounts receivable. Starting from a ratio of 10.65 as of September 30, 2020, there was a decline to 8.70 by December 31, 2020, suggesting a potential slowdown in collection efficiency during that quarter. Subsequently, the ratio increased to 10.37 in March 2021 and further rose to a peak of 13.30 in June 2021, reflecting improved receivables collection performance.
However, the ratio declined sharply to 7.19 in September 2021, indicating a deterioration in collection efficiency, which persisted with a slight recovery to 9.94 in December 2021 and a further increase to 10.85 in March 2022. The ratio peaked again at 12.20 in June 2022 but showed a slight decrease to 11.02 in the following quarter.
From the latter part of 2022 into 2023, the ratios remained relatively stable, reaching a high of 12.14 in December 2022 and 13.40 in March 2023, though a decline to 9.07 was observed in June 2023. Due to missing data for September 2023, the subsequent available values depict a recovery trend, with ratios of 12.01 in December 2023, 12.70 in June 2024, and 8.74 in September 2024, followed by an increase to 10.25 in December 2024 and steady levels around 10-11 in 2025.
Overall, Coty Inc.'s receivables turnover has demonstrated periods of both strengthening and weakening, with notable peaks indicating periods of effective receivables management, interspersed with declines that could suggest timeframes of lax collection or changing credit policies. The trend suggests an ongoing effort towards balancing credit risk with cash flow efficiency.
Peer comparison
Jun 30, 2025