Korn Ferry (KFY)
Days of sales outstanding (DSO)
| 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 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 5.17 | 4.81 | 4.81 | 4.85 | 5.03 | 4.54 | 4.26 | 4.33 | 4.48 | 4.10 | 3.73 | 4.02 | 4.06 | 3.82 | 4.05 | 4.87 | 4.98 | 4.30 | 4.34 | 4.60 | |
| DSO | days | 70.53 | 75.85 | 75.90 | 75.31 | 72.51 | 80.37 | 85.78 | 84.26 | 81.47 | 88.99 | 97.89 | 90.80 | 89.97 | 95.61 | 90.19 | 74.89 | 73.30 | 84.87 | 84.09 | 79.31 |
April 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.17
= 70.53
Days Sales Outstanding (DSO) is a measure of how long it takes for a company to collect on its accounts receivable. A lower DSO indicates that the company is more efficient in collecting payments from its customers, while a higher DSO may suggest potential liquidity or credit risk issues.
Analyzing Korn Ferry's DSO over the past several quarters reveals some fluctuations. In the most recent quarter ending April 30, 2024, the DSO stood at 70.53 days, showing an improvement compared to the previous quarter's 75.85 days. This suggests that Korn Ferry was able to collect payments from customers more quickly during this period.
Looking further back, there have been variations in DSO over the past few quarters. The trend has shown some volatility, with DSO ranging between the mid-70s to high 80s days. Monitoring these fluctuations can provide insights into the company's efficiency in managing its accounts receivable and its overall financial health.
It is important for Korn Ferry to continually monitor and manage its DSO to ensure effective cash flow management and optimize its working capital. By analyzing trends in DSO over time, the company can identify any potential issues and take appropriate actions to improve its receivables management practices.
Peer comparison
Apr 30, 2024