Comvita (Comvita) Days Sales Outstanding : 84.25 (As of Dec. 2023)

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What is Comvita Days Sales Outstanding?

Comvita's average Accounts Receivable for the six months ended in Dec. 2023 was $29.7 Mil. Comvita's Revenue for the six months ended in Dec. 2023 was $64.3 Mil. Hence, Comvita's Days Sales Outstanding for the six months ended in Dec. 2023 was 84.25.

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

CVNZF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 39.26 Med: 55.66 Max: 97.93
Current: 78.18

During the past 13 years, Comvita's highest Days Sales Outstanding was 97.93. The lowest was 39.26. And the median was 55.66.

CVNZF's Days Sales Outstanding is ranked worse than
85.31% of 1838 companies
in the Consumer Packaged Goods industry
Industry Median: 39.225 vs CVNZF: 78.18

Comvita's Days Sales Outstanding increased from Dec. 2022 (62.47) to Dec. 2023 (84.25).

Comvita Days Sales Outstanding Historical Data

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

Comvita Annual Data

Trend

Mar13

Mar14

Mar15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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96.54

46.11

37.70

47.25

53.23

Comvita Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															62.91	69.00	62.47	67.38	84.25

Competitive Comparison of Comvita's Days Sales Outstanding

For the Packaged Foods subindustry, Comvita'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.

Comvita's Days Sales Outstanding Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Comvita's Days Sales Outstanding distribution charts can be found below:

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

Comvita 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.

Comvita'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
=	( (17.673	+	24.26)	/	2 )	/	143.756	*	365
=	20.9665					/	143.756	*	365
=	53.23

Comvita'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
=	( (24.26	+	35.129)	/	2 )	/	64.322	*	365 / 2
=	29.6945					/	64.322	*	365 / 2
=	84.25

Comvita (OTCPK:CVNZF) Days Sales Outstanding Explanation

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

Comvita Days Sales Outstanding Related Terms

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Comvita (Comvita) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Comvita Ltd (OTCPK:CVNZF) » Definitions » Days Sales Outstanding

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CVT:New Zealand

Address

23 Wilson Road South, Private Bag 1, Paengaroa, Te Puke, BOP, NZL, 3153

Website

https://www.comvita.co.nz

Comvita Ltd is a New Zealand based company. It is engaged in the development and marketing of natural health and wellbeing products. Its products include manuka honey, manuka honey extract, nutritional oils, royal jelly, olive leaf extract, and other products. The company's geographical segments include Greater China; ANZ; Rest of Asia; Rest of Asia and EMEA. It derives a majority of its revenue from Greater China.