Capri Holdings Ltd (CPRI)
Days of sales outstanding (DSO)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 15.46 | 15.16 | 13.05 | 10.84 | 17.95 | |
| DSO | days | 23.60 | 24.08 | 27.97 | 33.67 | 20.34 |
March 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 15.46
= 23.60
Based on the data provided, the Days of Sales Outstanding (DSO) for Capri Holdings Ltd has shown fluctuations over the past five years.
In March 2020, the DSO was at its lowest, standing at 20.34 days, indicating that on average, it took the company approximately 20 days to collect payments from customers following a sale. This suggests efficient accounts receivable management.
However, in the following years, there was an upward trend in the DSO. By March 2021, the DSO increased to 33.67 days, signaling a potential slowdown in the collection of receivables. The DSO decreased slightly in the subsequent years to 27.97 days in March 2022 and 24.08 days in March 2023, but it remained higher compared to the initial period.
The most recent data as of March 2024 shows an improvement in the DSO to 23.60 days, indicating a better collection efficiency compared to the previous year.
Overall, the varying DSO figures suggest that Capri Holdings Ltd has experienced fluctuations in its accounts receivable management effectiveness over the years, with efforts to reduce the time taken to collect payments from customers being evident in the most recent period. Further monitoring and analysis of this metric will be crucial to assess the company's ongoing financial health and operational efficiency.
Peer comparison
Mar 31, 2024