Korn Ferry (KFY)
Days of sales outstanding (DSO)
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 4.76 | 4.73 | 4.45 | 4.81 | 4.34 | 4.32 | 4.41 | 4.50 | 4.11 | 3.97 | 4.10 | 4.25 | 3.84 | 3.51 | 3.77 | 3.72 | 3.47 | 3.61 | 4.38 | 4.54 | |
| DSO | days | 76.66 | 77.18 | 81.98 | 75.95 | 84.08 | 84.49 | 82.85 | 81.20 | 88.77 | 91.99 | 88.95 | 85.90 | 95.17 | 103.96 | 96.87 | 98.02 | 105.27 | 101.19 | 83.34 | 80.47 |
January 31, 2025 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.76
= 76.66
The data on Korn Ferry's days of sales outstanding (DSO) from April 2020 through January 2025 indicates fluctuations over this period, reflecting changes in the company's accounts receivable collection efficiency. Initially, the DSO increased from approximately 80.47 days in April 2020, reaching a peak of 105.27 days in January 2021. This upward trend suggests a decline in collection efficiency during this timeframe, possibly due to factors such as customer payment delays, changes in credit terms, or broader economic conditions affecting receivables management.
Post-January 2021, the DSO generally fluctuated within a range of roughly 81 to 105 days, with intermittent increases and decreases. Notably, there was a gradual decline beginning around April 2021, where the DSO decreased to approximately 81.20 days by April 2023. This trend indicates an improvement in receivables collection efficiency over these two years, possibly reflecting better credit management policies, stronger customer payment discipline, or strategic operational improvements.
From April 2023 onward, the DSO remained relatively stable, averaging around 75.95 to 84.49 days, with a slight downward trend observed towards October 2024 and January 2025, where the DSO was approximately 77.18 and 76.66 days, respectively. These figures suggest a recovery towards more efficient receivable collection comparable to pre-pandemic levels, emphasizing a period of stabilizing and enhancing liquidity management.
Overall, Korn Ferry's DSO exhibits considerable variability over the analyzed period, with a notable peak during early 2021 followed by a gradual decline and stabilization. The recent downward trend indicates efforts toward improving collection efficiency and reducing credit risk, aligning with industry best practices for cash flow management. This analysis points to a positive movement towards shorter receivables collection cycles in the most recent fiscal periods.
Peer comparison
Jan 31, 2025