Cover (TSE:5253) Days Sales Outstanding : 21.56 (As of Dec. 2023)

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What is Cover Days Sales Outstanding?

Cover's average Accounts Receivable for the three months ended in Dec. 2023 was 円1,642 Mil. Cover's Revenue for the three months ended in Dec. 2023 was 円6,949 Mil. Hence, Cover's Days Sales Outstanding for the three months ended in Dec. 2023 was 21.56.

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

TSE:5253' s Days Sales Outstanding Range Over the Past 10 Years
Min: 23.3 Med: 46.29 Max: 63.88
Current: 23.3

During the past 3 years, Cover's highest Days Sales Outstanding was 63.88. The lowest was 23.30. And the median was 46.29.

TSE:5253's Days Sales Outstanding is ranked better than
89.84% of 2726 companies
in the Software industry
Industry Median: 61.895 vs TSE:5253: 23.30

Cover's Days Sales Outstanding increased from Dec. 2022 (0.00) to Dec. 2023 (21.56).

Cover Days Sales Outstanding Historical Data

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

Cover Annual Data

Trend

Mar21

Mar22

Mar23

Days Sales Outstanding

63.88

39.70

46.29

Cover Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial			-	24.79	38.64	16.55	21.56

Competitive Comparison of Cover's Days Sales Outstanding

For the Software - Application subindustry, Cover'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.

Cover's Days Sales Outstanding Distribution in the Software Industry

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

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

Cover 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.

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

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (1970.237	+	3216.557)	/	2 )	/	20451.013	*	365
=	2593.397					/	20451.013	*	365
=	46.29

Cover'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
=	( (1449.058	+	1835.103)	/	2 )	/	6949.225	*	365 / 4
=	1642.0805					/	6949.225	*	365 / 4
=	21.56

Cover (TSE:5253) Days Sales Outstanding Explanation

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

Cover Days Sales Outstanding Related Terms

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Cover (TSE:5253) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cover Corp (TSE:5253) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

COVCF:USA

Address

1-7-17 Shiba, Sumitomo Fudosan Shiba No.3 Building B1, Minato-ku, Tokyo, JPN, 105-0014

Website

https://www.cover-corp.com

Cover Corp operates as a platformer for two-dimensional entertainment. It is engaged in developing multifaceted businesses to accelerate 2D entertainment such as distribution system development, VTuber office management, and content development.

Cover (TSE:5253) Headlines

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