Codan (ASX:CDA) Days Sales Outstanding : 50.39 (As of Dec. 2023)

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What is Codan Days Sales Outstanding?

Codan's average Accounts Receivable for the six months ended in Dec. 2023 was A$73.4 Mil. Codan's Revenue for the six months ended in Dec. 2023 was A$265.9 Mil. Hence, Codan's Days Sales Outstanding for the six months ended in Dec. 2023 was 50.39.

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

ASX:CDA' s Days Sales Outstanding Range Over the Past 10 Years
Min: 24.7 Med: 38.06 Max: 62.81
Current: 51.28

During the past 13 years, Codan's highest Days Sales Outstanding was 62.81. The lowest was 24.70. And the median was 38.06.

ASX:CDA's Days Sales Outstanding is ranked better than
76.96% of 2457 companies
in the Hardware industry
Industry Median: 74.97 vs ASX:CDA: 51.28

Codan's Days Sales Outstanding declined from Dec. 2022 (55.70) to Dec. 2023 (50.39).

Codan Days Sales Outstanding Historical Data

The historical data trend for Codan'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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Codan Days Sales Outstanding Chart

Codan Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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33.81

24.70

26.97

35.55

53.14

Codan Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															36.15	45.74	55.70	52.34	50.39

Competitive Comparison of Codan's Days Sales Outstanding

For the Scientific & Technical Instruments subindustry, Codan'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.

Codan's Days Sales Outstanding Distribution in the Hardware Industry

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

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

Codan 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.

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

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (60.939	+	71.978)	/	2 )	/	456.468	*	365
=	66.4585					/	456.468	*	365
=	53.14

Codan'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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (71.978	+	74.857)	/	2 )	/	265.918	*	365 / 2
=	73.4175					/	265.918	*	365 / 2
=	50.39

Codan (ASX:CDA) Days Sales Outstanding Explanation

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

Codan Days Sales Outstanding Related Terms

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Codan (ASX:CDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Codan Ltd (ASX:CDA) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

CODAF:USA

Address

Technology Park, 2 Second Avenue, Mawson Lakes, SA, AUS, 5095

Website

https://www.codan.com.au

Codan Ltd develops electronics solutions for government, corporate, non-governmental organizations (NGO) and consumer markets across the globe. It operates through the following business segments: The communications segment includes the design, development, manufacture and marketing of communications equipment. The Metal detection segment includes the design, development, manufacture and marketing of metal detection equipment; The tracking solutions segment includes the design, manufacture, maintenance and support of a range of electronic products. The firm generates the majority of revenue from the Communications segment.

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