CTS's average Accounts Receivable for the
three
months ended in Dec. 2023 was $84.1 Mil. CTS's Revenue for the
three
months ended in Dec. 2023 was $124.7 Mil.
Hence, CTS's Days Sales Outstanding for the
three
months ended in Dec. 2023 was 61.52.
The historical rank and industry rank for CTS's Days Sales Outstanding or its related term are showing as below:
CTS'
s Days Sales Outstanding Range Over the Past 10 Years
Min: 53.21 Med: 56.84 Max: 68.42
Current: 60.25
During the past 13 years, CTS's highest Days Sales Outstanding was 68.42. The lowest was 53.21. And the median was 56.84.
CTS's Days Sales Outstanding is ranked better than 67.01% of 2458
companies
in the Hardware industry
Industry Median: 74.995
vs CTS: 60.25
CTS's Days Sales Outstanding
increased
from Dec. 2022 (60.27) to Dec. 2023 (61.52).
CTS Days Sales Outstanding Historical Data
The historical data trend for CTS'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.
Competitive Comparison of CTS's Days Sales Outstanding
For the Electronic Components subindustry, CTS'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.
CTS's Days Sales Outstanding Distribution in the Hardware Industry
For the Hardware industry and Technology sector, CTS's Days Sales Outstanding distribution charts can be found below:
* The bar in red indicates where CTS's Days Sales Outstanding falls into.
CTS 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.
* 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.
CTS (NYSE:CTS) Days Sales Outstanding Explanation
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
CTS Days Sales Outstanding Related Terms
Thank you for viewing the detailed overview of CTS's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.
CTS Corp operates in the electronics industry. The company is a global manufacturer of Sensors, Electronic components, and Actuators. It designs, manufactures, and sells a broad line of sensors, electronic components, and actuators mainly to original equipment manufacturers (OEM) for the aerospace and defense, industrial, information technology, medical, telecommunications, and transportation markets. Geographically, it derives a majority of its revenue from the United States and also has a presence in China; Singapore; the Czech Republic; Taiwan and other countries.
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