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Granite Construction (Granite Construction) Days Sales Outstanding : 65.57 (As of Dec. 2023)


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What is Granite Construction Days Sales Outstanding?

Granite Construction's average Accounts Receivable for the three months ended in Dec. 2023 was $671 Mil. Granite Construction's Revenue for the three months ended in Dec. 2023 was $934 Mil. Hence, Granite Construction's Days Sales Outstanding for the three months ended in Dec. 2023 was 65.57.

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

GVA' s Days Sales Outstanding Range Over the Past 10 Years
Min: 47.02   Med: 54.36   Max: 64.62
Current: 59.08

During the past 13 years, Granite Construction's highest Days Sales Outstanding was 64.62. The lowest was 47.02. And the median was 54.36.

GVA's Days Sales Outstanding is ranked better than
62.73% of 1642 companies
in the Construction industry
Industry Median: 72.53 vs GVA: 59.08

Granite Construction's Days Sales Outstanding increased from Dec. 2022 (62.56) to Dec. 2023 (65.57).


Granite Construction Days Sales Outstanding Historical Data

The historical data trend for Granite Construction'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.

* Premium members only.

Granite Construction Days Sales Outstanding Chart

Granite Construction Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 64.62 57.45 47.02 51.33 55.27

Granite Construction Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 62.56 70.16 52.50 56.37 65.57

Competitive Comparison of Granite Construction's Days Sales Outstanding

For the Engineering & Construction subindustry, Granite Construction'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.


Granite Construction's Days Sales Outstanding Distribution in the Construction Industry

For the Construction industry and Industrials sector, Granite Construction's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Granite Construction's Days Sales Outstanding falls into.



Granite Construction 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.

Granite Construction's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

Days Sales Outstanding (A: Dec. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )*Days in Period
=( (463.987 + 598.705) / 2 ) / 3509.138*365
=531.346 / 3509.138*365
=55.27

Granite Construction'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: Sep. 2023 ) + Accounts Receivable (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )*Days in Period
=( (743.091 + 598.705) / 2 ) / 933.698*365 / 4
=670.898 / 933.698*365 / 4
=65.57

* 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.


Granite Construction  (NYSE:GVA) Days Sales Outstanding Explanation

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


Granite Construction Days Sales Outstanding Related Terms

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Granite Construction (Granite Construction) Business Description

Traded in Other Exchanges
Address
585 West Beach Street, Watsonville, CA, USA, 95076
Granite Construction Inc engages in the construction and development of various infrastructure projects on behalf of public and private clients in the United States. It focuses on heavy civil infrastructure projects, including roads, highways, transit facilities, airports, and bridges. In addition, the company performs site preparation and infrastructure services for residential development, energy development, and other facilities. The majority of revenue is derived from the company's construction operating segment, with the remainder derived from its materials segment.
Executives
Bradley Jay Williams officer: Senior Vice President C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Kyle T Larkin officer: Senior Vice President C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Staci M Woolsey officer: Chief Accounting Officer 4875 S FRANKLIN ST, CHERRY HILLS VILLAGE CO 80113
Louis E Caldera director C/O BELO CORP, PO BOX 655237, DALLAS TX 75265-5237
Laura M Mullen director C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Brian R Dowd officer: Senior Vice President C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Lisa Curtis officer: CAO & VP, Investor Relations 3200 SOUTHWEST FREEWAY, SUITE 2950, HOUSTON TX 77027
James A Radich officer: Senior Vice President C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Michael G Tatusko officer: Senior Vice President C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Desai Jigisha officer: Senior Vice President & CFO C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Claes Bjork director GRANITE CONSTRUCTION INCORPORATED, PO BOX 50085, WATSONVILLE CA 95077-5085
Patricia D Galloway director C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
James Hildebrand Roberts director, officer: Director, President & CEO PO BOX 50085, WATSONVILLE CA 95077-5085
David H Kelsey director C/O OGLEBAY NORTON CO, 1100 SUPERIOR AVENUE, CLEVELAND OH 44114-2598
Molly Campbell director 135 N. LOS ROBLES AVE 7TH FLR, PASADENA CA 91101