adidas AG (adidas AG) Days Sales Outstanding

: 43.33 (As of Dec. 2023)

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adidas AG's average Accounts Receivable for the three months ended in Dec. 2023 was $2,491 Mil. adidas AG's Revenue for the three months ended in Dec. 2023 was $5,246 Mil. Hence, adidas AG's Days Sales Outstanding for the three months ended in Dec. 2023 was 43.33.

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

ADDYY' s Days Sales Outstanding Range Over the Past 10 Years
Min: 35.47 Med: 39.18 Max: 47.15
Current: 42.73

During the past 13 years, adidas AG's highest Days Sales Outstanding was 47.15. The lowest was 35.47. And the median was 39.18.

ADDYY's Days Sales Outstanding is ranked better than
63.43% of 1031 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.83 vs ADDYY: 42.73

adidas AG's Days Sales Outstanding declined from Dec. 2022 (48.71) to Dec. 2023 (43.33).

adidas AG Days Sales Outstanding Historical Data

The historical data trend for adidas AG'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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adidas AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

39.39

43.06

36.76

39.31

37.16

adidas AG 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																48.71	46.02	45.70	40.51	43.33

Competitive Comparison

For the Footwear & Accessories subindustry, adidas AG'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.

adidas AG Days Sales Outstanding Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, adidas AG's Days Sales Outstanding distribution charts can be found below:

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

adidas AG 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.

adidas AG'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
=	( (2679.025	+	2078.517)	/	2 )	/	23366.412	*	365
=	2378.771					/	23366.412	*	365
=	37.16

adidas AG'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
=	( (2903.949	+	2078.517)	/	2 )	/	5246.456	*	365 / 4
=	2491.233					/	5246.456	*	365 / 4
=	43.33

adidas AG (OTCPK:ADDYY) Days Sales Outstanding Explanation

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

adidas AG Days Sales Outstanding Related Terms

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adidas AG (adidas AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » adidas AG (OTCPK:ADDYY) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

ADDDF:USA ADS:Romania ADS:Poland ADS:Mexico ADS:Italy ADIDAS:Hungary ADSd:UK 0OLD:UK ADS:Germany ADS1:Germany ADS:Germany ADS:Germany ADS1:Germany ADS:Germany ADS:Austria

Address

Adi-Dassler-Strasse 1, Herzogenaurach, BY, DEU, 91074

Website

https://www.adidas-group.com

Adidas designs, develops, produces, and markets athletic and leisure apparel, footwear, accessories, and sports equipment. Under its eponymous brand, it produces apparel for competitive athletics, casual activewear, and casual fashion. Adidas sells its products in more than 160 countries through nearly 2,000 owned retail stores, 15,000 mono-branded franchise stores, 150,000 wholesale doors, and owned e-commerce that is available in 65 countries. The company was founded in 1949 in Germany.