Korn Ferry (KFY)
Days of sales outstanding (DSO)
| Apr 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 4.88 | 4.76 | 4.73 | 4.45 | 4.81 | 4.34 | 4.32 | 4.41 | 5.03 | 4.11 | 4.25 | 4.33 | 4.25 | 4.10 | 3.73 | 4.02 | 4.06 | 3.82 | 4.05 | 4.87 | |
| DSO | days | 74.72 | 76.66 | 77.18 | 81.98 | 75.95 | 84.08 | 84.49 | 82.85 | 72.60 | 88.77 | 85.83 | 84.29 | 85.90 | 89.02 | 97.92 | 90.83 | 90.00 | 95.64 | 90.21 | 74.91 |
April 30, 2025 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.88
= 74.72
The analysis of Korn Ferry’s Days of Sales Outstanding (DSO) over the period from July 2020 to April 2025 reveals notable fluctuations and trends indicative of the company's accounts receivable management and cash flow dynamics.
Initially, as of July 31, 2020, the DSO was approximately 74.91 days, reflecting a relatively efficient collection period. However, by October 31, 2020, DSO increased markedly to 90.21 days, signaling potential challenges in receivable collection or changes in client payment behavior. This upward trend continued into January 2021, reaching approximately 95.64 days, the highest point in the observed timeframe, suggesting the company was experiencing longer collection cycles during this period.
From April 2021 onwards, the DSO experienced some stabilization, with values fluctuating around the 90-day mark, including 90.00 days in April 2021, 90.83 days in July 2021, and peaking again at 97.92 days in October 2021. These elevated levels may indicate periods of either extended client payment terms or reduced collection efficiency.
Starting in early 2022, a downward trend emerged, with DSO decreasing to 89.02 days by January 2022 and further declining to approximately 85.90 days in April 2022. The subsequent quarters showed a gradual reduction, with DSO reaching around 84.29 days in July 2022 and stabilizing in the low 80s range—specifically, 85.83 days in October 2022 and 88.77 days in January 2023. This reduction suggests improvements in receivables collection or better credit management practices.
A significant decline was observed in April 2023, where DSO dropped to 72.60 days—the lowest in the observed series—implying a period of notably enhanced collection efficiency or possibly a short-term change in client payment behavior. However, this improvement was not sustained; by July 2023, DSO increased again to 82.85 days, and by October 2023, it stabilized around 84.49 days.
The data from late 2023 through April 2025 indicates relatively stable DSO figures, fluctuating within the 74.72 to 77.18 days range. As of April 2025, the DSO was approximately 74.72 days, close to the initial levels observed in July 2020.
Overall, the trend demonstrates periods of rising DSO, peaking near 97–98 days, and subsequent periods of improvement, with the most recent figures indicating a moderate position around the mid-70s days. This suggests that Korn Ferry has fluctuated between extended and more efficient receivable collection cycles over the analyzed period, with recent tendencies toward better receivable management and shorter collection periods.
Peer comparison
Apr 30, 2025