Korn Ferry (KFY)
Days of sales outstanding (DSO)
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.17 | 5.03 | 4.48 | 4.06 | 4.98 | |
| DSO | days | 70.53 | 72.51 | 81.47 | 89.97 | 73.30 |
April 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.17
= 70.53
Based on the data provided, Korn Ferry's Days of Sales Outstanding (DSO) over the past five years have shown some fluctuations. In April 2024, the DSO stood at 70.53 days, showing an improvement compared to the previous year when it was 72.51 days. This indicates that the company is collecting its accounts receivable more efficiently in the current year.
Looking back further, we see that in April 2022, the DSO was 81.47 days, which was higher than both the current year and the prior year. This suggests that Korn Ferry improved its collection efforts between 2022 and 2024.
In April 2021 and 2020, the DSO was 89.97 days and 73.30 days, respectively. The increase in 2021 compared to 2020 could indicate potential challenges in collecting receivables that year, while the decrease in 2020 suggests a more efficient collection process during that period.
Overall, Korn Ferry's trend in DSO shows some variability, but the recent decrease in DSO from 2023 to 2024 reflects potential improvements in the company's accounts receivable management and collection processes. It is important for the company to continue monitoring and managing its DSO to ensure efficient working capital management and liquidity.
Peer comparison
Apr 30, 2024