Costamare (Costamare) Days Sales Outstanding

: 8.42 (As of Dec. 2023)

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Costamare's average Accounts Receivable for the three months ended in Dec. 2023 was $46 Mil. Costamare's Revenue for the three months ended in Dec. 2023 was $495 Mil. Hence, Costamare's Days Sales Outstanding for the three months ended in Dec. 2023 was 8.42.

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

CMRE' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.81 Med: 5.59 Max: 9.37
Current: 8.95

During the past 13 years, Costamare's highest Days Sales Outstanding was 9.37. The lowest was 0.81. And the median was 5.59.

CMRE's Days Sales Outstanding is ranked better than
92.88% of 969 companies
in the Transportation industry
Industry Median: 45.48 vs CMRE: 8.95

Costamare's Days Sales Outstanding increased from Dec. 2022 (8.19) to Dec. 2023 (8.42).

Costamare Days Sales Outstanding Historical Data

The historical data trend for Costamare'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.

Costamare Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

4.97

6.20

6.72

7.85

9.37

Costamare 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																8.19	9.58	8.33	9.40	8.42

Competitive Comparison

For the Marine Shipping subindustry, Costamare'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.

Costamare Days Sales Outstanding Distribution

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

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

Costamare 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.

Costamare'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
=	( (26.943	+	50.684)	/	2 )	/	1511.406	*	365
=	38.8135					/	1511.406	*	365
=	9.37

Costamare'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
=	( (40.654	+	50.684)	/	2 )	/	494.847	*	365 / 4
=	45.669					/	494.847	*	365 / 4
=	8.42

Costamare (NYSE:CMRE) Days Sales Outstanding Explanation

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

Costamare Days Sales Outstanding Related Terms

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Costamare (Costamare) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Costamare Inc (NYSE:CMRE) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

CMREpE.PFD:USA CMREpD.PFD:USA CMREpC.PFD:USA CMREpB.PFD:USA LCM:Germany LCM:Germany

Address

7 Rue du Gabian, Monaco, MCO, MC 98000

Website

https://www.costamare.com

Costamare Inc is an international owner and operator of containerships and dry bulk vessels. The company charter its containerships to the liner companies, providing transportation of containerized cargoes. It charter its dry bulk vessels to a wide variety of customers, providing transportation for dry bulk cargoes. The company's fleet of vessels includes Cosco Guangzhou, Cosco Ningbo, Cosco Yantian, Vantage, Valor, Valiant, Maersk Kobe, and among others. Costamare provides services to ocean carriers that demand a high standard of safety and reliability. It generates a majority of its revenue from the United States of America.