Cardia Bioplastics (ASX:CNN) Days Sales Outstanding : 108.77 (As of Dec. 2023)

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What is Cardia Bioplastics Days Sales Outstanding?

Cardia Bioplastics's average Accounts Receivable for the six months ended in Dec. 2023 was A$3.69 Mil. Cardia Bioplastics's Revenue for the six months ended in Dec. 2023 was A$6.19 Mil. Hence, Cardia Bioplastics's Days Sales Outstanding for the six months ended in Dec. 2023 was 108.77.

The historical rank and industry rank for Cardia Bioplastics's Days Sales Outstanding or its related term are showing as below:

ASX:CNN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 45.35 Med: 59.48 Max: 95.46
Current: 90.96

During the past 13 years, Cardia Bioplastics's highest Days Sales Outstanding was 95.46. The lowest was 45.35. And the median was 59.48.

ASX:CNN's Days Sales Outstanding is ranked worse than
75.33% of 377 companies
in the Packaging & Containers industry
Industry Median: 69.9 vs ASX:CNN: 90.96

Cardia Bioplastics's Days Sales Outstanding increased from Dec. 2022 (103.98) to Dec. 2023 (108.77).

Cardia Bioplastics Days Sales Outstanding Historical Data

The historical data trend for Cardia Bioplastics's Days Sales Outstanding can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cardia Bioplastics Days Sales Outstanding Chart

Cardia Bioplastics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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67.16

59.57

54.78

80.73

95.46

Cardia Bioplastics Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															73.53	82.96	103.98	79.12	108.77

Competitive Comparison of Cardia Bioplastics's Days Sales Outstanding

For the Packaging & Containers subindustry, Cardia Bioplastics's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cardia Bioplastics's Days Sales Outstanding Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Cardia Bioplastics's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Cardia Bioplastics's Days Sales Outstanding falls into.

Cardia Bioplastics Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Cardia Bioplastics's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (7.87	+	4.075)	/	2 )	/	22.836	*	365
=	5.9725					/	22.836	*	365
=	95.46

Cardia Bioplastics's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (4.075	+	3.307)	/	2 )	/	6.193	*	365 / 2
=	3.691					/	6.193	*	365 / 2
=	108.77

Cardia Bioplastics (ASX:CNN) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Cardia Bioplastics Days Sales Outstanding Related Terms

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Cardia Bioplastics (ASX:CNN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Cardia Bioplastics Ltd (ASX:CNN) » Definitions » Days Sales Outstanding

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SES:Australia

Address

247 Ferntree Gully Road, Unit 1, Mount Waverley, Melbourne, VIC, AUS, VIC 3149

Website

https://www.secosgroup.com.au

SECOS Group Ltd is an Australian developer and manufacturer of sustainable packaging materials. . Business operating segment includes the manufacture and distribution of polyethylene films, renewable resource-based resins, and finished products. It supplies proprietary biodegradable resins, packaging products cast films to a customer base spread globally.SECOS Global Application Development Centre is in Australia. Product Development Centre and manufacturing plant for resins and finished products in China and resins plant in Malaysia. It also has manufacturing plants for cast films in Malaysia. It conducts sales via geographical regions that include Australia, Asia, America, Europe, and Africa. Asia generates maximum revenue for the company.

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