Carpenter Technology Corporation (CRS)
Days of sales outstanding (DSO)
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.00 | 4.91 | 4.80 | 4.80 | 4.78 | |
| DSO | days | 73.01 | 74.41 | 76.04 | 75.99 | 76.36 |
June 30, 2025 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.00
= 73.01
The analysis of Carpenter Technology Corporation’s days of sales outstanding (DSO) over the period from June 30, 2021, to June 30, 2025, indicates a relatively stable pattern with slight fluctuations. Specifically, the DSO values are as follows:
- June 30, 2021: 76.36 days
- June 30, 2022: 75.99 days
- June 30, 2023: 76.04 days
- June 30, 2024: 74.41 days
- June 30, 2025: 73.01 days
From 2021 to 2025, there is a marginal decrease in DSO, moving from approximately 76.36 days in 2021 to 73.01 days in 2025. This decline suggests a gradual improvement in the company's collection efficiency over the four-year span, implying that the company is collecting its receivables slightly faster than in prior years.
Despite the minor oscillations, the DSO remains within a narrow bandwidth of approximately 73 to 76 days, indicating a relatively consistent credit policy and customer payment behavior. The slight downward trend over time may reflect enhanced credit management, improved customer compliance with payment terms, or operational efficiencies in the accounts receivable process.
Overall, the stability of DSO figures over this period implies that Carpenter Technology Corporation maintains a steady approach to extending credit and collecting receivables, with incremental improvements potentially contributing to better cash flow management.
Peer comparison
Jun 30, 2025