Compania deneamento de Minas Gerais - COPASA MG (Compania deneamento de Minas Gerais - COPASA MG) Days Sales Outstanding : 57.59 (As of Dec. 2023)

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What is Compania deneamento de Minas Gerais - COPASA MG Days Sales Outstanding?

Compania deneamento de Minas Gerais - COPASA MG's average Accounts Receivable for the three months ended in Dec. 2023 was $257 Mil. Compania deneamento de Minas Gerais - COPASA MG's Revenue for the three months ended in Dec. 2023 was $407 Mil. Hence, Compania deneamento de Minas Gerais - COPASA MG's Days Sales Outstanding for the three months ended in Dec. 2023 was 57.59.

The historical rank and industry rank for Compania deneamento de Minas Gerais - COPASA MG's Days Sales Outstanding or its related term are showing as below:

CSMQY' s Days Sales Outstanding Range Over the Past 10 Years
Min: 57.49 Med: 72.58 Max: 86.59
Current: 59.3

During the past 13 years, Compania deneamento de Minas Gerais - COPASA MG's highest Days Sales Outstanding was 86.59. The lowest was 57.49. And the median was 72.58.

CSMQY's Days Sales Outstanding is ranked worse than
56.72% of 506 companies
in the Utilities - Regulated industry
Industry Median: 53.31 vs CSMQY: 59.30

Compania deneamento de Minas Gerais - COPASA MG's Days Sales Outstanding declined from Dec. 2022 (60.37) to Dec. 2023 (57.59).

Compania deneamento de Minas Gerais - COPASA MG Days Sales Outstanding Historical Data

The historical data trend for Compania deneamento de Minas Gerais - COPASA MG'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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Compania deneamento de Minas Gerais - COPASA MG Days Sales Outstanding Chart

Compania deneamento de Minas Gerais - COPASA MG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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85.28

86.54

66.55

58.49

55.79

Compania deneamento de Minas Gerais - COPASA MG 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															60.37	59.85	59.60	60.17	57.59

Competitive Comparison of Compania deneamento de Minas Gerais - COPASA MG's Days Sales Outstanding

For the Utilities - Regulated Water subindustry, Compania deneamento de Minas Gerais - COPASA MG'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.

Compania deneamento de Minas Gerais - COPASA MG's Days Sales Outstanding Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Compania deneamento de Minas Gerais - COPASA MG's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Compania deneamento de Minas Gerais - COPASA MG's Days Sales Outstanding falls into.

Compania deneamento de Minas Gerais - COPASA MG 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.

Compania deneamento de Minas Gerais - COPASA MG'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
=	( (200.482	+	261.443)	/	2 )	/	1511.159	*	365
=	230.9625					/	1511.159	*	365
=	55.79

Compania deneamento de Minas Gerais - COPASA MG'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
=	( (252.597	+	261.443)	/	2 )	/	407.235	*	365 / 4
=	257.02					/	407.235	*	365 / 4
=	57.59

Compania deneamento de Minas Gerais - COPASA MG (OTCPK:CSMQY) Days Sales Outstanding Explanation

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

Compania deneamento de Minas Gerais - COPASA MG Days Sales Outstanding Related Terms

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Compania deneamento de Minas Gerais - COPASA MG (Compania deneamento de Minas Gerais - COPASA MG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Compania de Saneamento de Minas Gerais - COPASA MG (OTCPK:CSMQY) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

CSMG3:Brazil

Address

Rua Mar de Espanha 525, Santo Antonio, Belo Horizonte, MG, BRA, 30330900

Website

http://www.copasa.com.br

COPASA MG provides water supply, sewage, and solid waste services. The company operates out of subsidiaries COPASA Serviços de Irrigaçao S.A., COPASA Aguas Minerais de Minas S.A, and COPANOR. COPASA Serviços de Irrigaçao S.A. manages, performs, and sells irrigation system services. COPASA Águas Minerais de Minas S.A. produces, bottles, distributes, and sells mineral water. COPANOR provides water supply and sewage treatment services across the North and Northeast regions of the State of Minas Gerais. A majority of revenue is derived from water services while the rest is derived from sewage services. The company operates out of Brazil, where a significant amount of revenue is generated.

Compania deneamento de Minas Gerais - COPASA MG (Compania deneamento de Minas Gerais - COPASA MG) Headlines

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