CIA Energetica Do Rio Grande Norte - COSERN (BSP:CSRN6) Days Sales Outstanding : 61.06 (As of Mar. 2024)

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What is CIA Energetica Do Rio Grande Norte - COSERN Days Sales Outstanding?

CIA Energetica Do Rio Grande Norte - COSERN's average Accounts Receivable for the three months ended in Mar. 2024 was R$623 Mil. CIA Energetica Do Rio Grande Norte - COSERN's Revenue for the three months ended in Mar. 2024 was R$931 Mil. Hence, CIA Energetica Do Rio Grande Norte - COSERN's Days Sales Outstanding for the three months ended in Mar. 2024 was 61.06.

The historical rank and industry rank for CIA Energetica Do Rio Grande Norte - COSERN's Days Sales Outstanding or its related term are showing as below:

BSP:CSRN6' s Days Sales Outstanding Range Over the Past 10 Years
Min: 55.8 Med: 60.73 Max: 71.65
Current: 58.9

During the past 13 years, CIA Energetica Do Rio Grande Norte - COSERN's highest Days Sales Outstanding was 71.65. The lowest was 55.80. And the median was 60.73.

BSP:CSRN6's Days Sales Outstanding is ranked worse than
55.34% of 506 companies
in the Utilities - Regulated industry
Industry Median: 53.9 vs BSP:CSRN6: 58.90

CIA Energetica Do Rio Grande Norte - COSERN's Days Sales Outstanding increased from Mar. 2023 (50.20) to Mar. 2024 (61.06).

CIA Energetica Do Rio Grande Norte - COSERN Days Sales Outstanding Historical Data

The historical data trend for CIA Energetica Do Rio Grande Norte - COSERN'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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CIA Energetica Do Rio Grande Norte - COSERN Days Sales Outstanding Chart

CIA Energetica Do Rio Grande Norte - COSERN Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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55.80

59.70

60.41

63.85

58.36

CIA Energetica Do Rio Grande Norte - COSERN Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															50.20	58.14	57.90	57.80	61.06

Competitive Comparison of CIA Energetica Do Rio Grande Norte - COSERN's Days Sales Outstanding

For the Utilities - Regulated Electric subindustry, CIA Energetica Do Rio Grande Norte - COSERN'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.

CIA Energetica Do Rio Grande Norte - COSERN's Days Sales Outstanding Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, CIA Energetica Do Rio Grande Norte - COSERN's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where CIA Energetica Do Rio Grande Norte - COSERN's Days Sales Outstanding falls into.

CIA Energetica Do Rio Grande Norte - COSERN 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.

CIA Energetica Do Rio Grande Norte - COSERN'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
=	( (538	+	619)	/	2 )	/	3618	*	365
=	578.5					/	3618	*	365
=	58.36

CIA Energetica Do Rio Grande Norte - COSERN's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (619	+	627)	/	2 )	/	931	*	365 / 4
=	623					/	931	*	365 / 4
=	61.06

CIA Energetica Do Rio Grande Norte - COSERN (BSP:CSRN6) Days Sales Outstanding Explanation

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

CIA Energetica Do Rio Grande Norte - COSERN Days Sales Outstanding Related Terms

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CIA Energetica Do Rio Grande Norte - COSERN (BSP:CSRN6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CIA Energetica Do Rio Grande Norte - COSERN (BSP:CSRN6) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

CSRN5:Brazil CSRN3:Brazil

Address

Rua Mermoz 150, Natal, RN, BRA, 59025250

Website

http://www.cosern.com.br

CIA Energetica Do Rio Grande Norte - COSERN is a holding company in Brazil. The Company, through its subsidiaries, is mainly engaged in distribution, transmission, generation and marketing of electricity. The company operates as a public service concessionary of electrical power, aimed to study, project, construct and explore systems of production, transmission, transformation, distribution and commercialization of electrical energy and other alternative energy sources, renewable and nonrenewable.

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