Apple (AAPL) Days Sales Outstanding

: 20.11 (As of Dec. 2023)

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Apple's average Accounts Receivable for the three months ended in Dec. 2023 was $26,351 Mil. Apple's Revenue for the three months ended in Dec. 2023 was $119,575 Mil. Hence, Apple's Days Sales Outstanding for the three months ended in Dec. 2023 was 20.11.

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

AAPL' s Days Sales Outstanding Range Over the Past 10 Years
Min: 21.15 Med: 27.13 Max: 32.35
Current: 21.56

During the past 13 years, Apple's highest Days Sales Outstanding was 32.35. The lowest was 21.15. And the median was 27.13.

AAPL's Days Sales Outstanding is ranked better than
95.89% of 2456 companies
in the Hardware industry
Industry Median: 75.26 vs AAPL: 21.56

Apple's Days Sales Outstanding declined from Dec. 2022 (20.23) to Dec. 2023 (20.11).

Apple Days Sales Outstanding Historical Data

The historical data trend for Apple'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.

Apple Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Sales Outstanding

32.35

25.96

21.15

25.21

27.47

Apple 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																20.23	20.06	20.91	25.01	20.11

Competitive Comparison

For the Consumer Electronics subindustry, Apple'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.

Apple Days Sales Outstanding Distribution

For the Hardware industry and Technology sector, Apple's Days Sales Outstanding distribution charts can be found below:

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

Apple 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.

Apple's Days Sales Outstanding for the fiscal year that ended in Sep. 2023 is calculated as

	Days Sales Outstanding (A: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (28184	+	29508)	/	2 )	/	383285	*	365
=	28846					/	383285	*	365
=	27.47

Apple'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
=	( (29508	+	23194)	/	2 )	/	119575	*	365 / 4
=	26351					/	119575	*	365 / 4
=	20.11

Apple (NAS:AAPL) Days Sales Outstanding Explanation

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

Apple Days Sales Outstanding Related Terms

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Apple (AAPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Apple Inc (NAS:AAPL) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

AAPL:Peru AAPL:Mexico AAPL:Italy APCd:UK 0R2V:UK APC8:Germany APC:Germany APC:Germany APC:Germany APC:Germany AAPL:Chile AAPL:Canada AAPL34:Brazil AAPL:Austria AAPL:Argentina

Address

One Apple Park Way, Cupertino, CA, USA, 95014

Website

https://www.apple.com

Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.

Executives

Chris Kondo	officer: Principal Accounting Officer	1 INFINITE LOOP, CUPERTINO CA 95014
Katherine L. Adams	officer: SVP, General Counsel	APPLE INC., 1 INFINITE LOOP, CUPERTINO CA 95014
Luca Maestri	officer: Senior Vice President, CFO	1 INFINITE LOOP, CUPERTINO CA 95014
Jeffrey E Williams	officer: COO	ONE INFINITE LOOP, CUPERTINO CA 95014
Deirdre O'brien	officer: Senior Vice President	ONE APPLE PARK WAY, CUPERTINO CA 95014
Timothy D Cook	director, officer: Chief Executive Officer	C/O APPLE INC, ONE INFINITE LOOP, CUPERTINO CA 95014
Arthur D Levinson	director	C/O GENENTECH INC, 1 DNA WAY MS 49, SOUTH SAN FRANCISCO CA 94080-4990
Alex Gorsky	director	JOHNSON & JOHNSON, ONE JOHNSON & JOHNSON PLAZA, NEW BRUNSWICK NJ 08933
Monica C Lozano	director
Angela J Ahrendts	officer: Senior Vice President	1 INFINITE LOOP, CUPERTINO CA 95014
Johny Srouji	officer: Senior Vice President	1 INFINITE LOOP, CUPERTINO CA 95014
Craig Federighi	officer: Senior Vice President	807 11TH AVENUE, SUNNYVALE CA 94089
Daniel J. Riccio	officer: Senior Vice President	1 INFINITE LOOP, CUPERTINO CA 95014
Philip W Schiller	officer: Senior Vice President	C/O APPLE INC, ONE INFINITE LOOP, CUPERTINO CA 95014
Susan Wagner	director	C/O BLACKROCK, INC., 40 EAST 52ND STREET, NEW YORK NY 10022