Carmit Candy Industries (XTAE:CRMT) Days Sales Outstanding : 112.48 (As of Dec. 2023)

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What is Carmit Candy Industries Days Sales Outstanding?

Carmit Candy Industries's average Accounts Receivable for the six months ended in Dec. 2023 was ₪71.7 Mil. Carmit Candy Industries's Revenue for the six months ended in Dec. 2023 was ₪116.4 Mil. Hence, Carmit Candy Industries's Days Sales Outstanding for the six months ended in Dec. 2023 was 112.48.

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

XTAE:CRMT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 95.27 Med: 99.54 Max: 114.69
Current: 114.69

During the past 8 years, Carmit Candy Industries's highest Days Sales Outstanding was 114.69. The lowest was 95.27. And the median was 99.54.

XTAE:CRMT's Days Sales Outstanding is ranked worse than
92.88% of 1840 companies
in the Consumer Packaged Goods industry
Industry Median: 39.185 vs XTAE:CRMT: 114.69

Carmit Candy Industries's Days Sales Outstanding declined from Dec. 2022 (122.28) to Dec. 2023 (112.48).

Carmit Candy Industries Days Sales Outstanding Historical Data

The historical data trend for Carmit Candy Industries'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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Carmit Candy Industries Days Sales Outstanding Chart

Carmit Candy Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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95.27

102.53

97.95

104.86

111.54

Carmit Candy Industries Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial									121.78	106.75	122.28	119.99	112.48

Competitive Comparison of Carmit Candy Industries's Days Sales Outstanding

For the Confectioners subindustry, Carmit Candy Industries'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.

Carmit Candy Industries's Days Sales Outstanding Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Carmit Candy Industries's Days Sales Outstanding falls into.

Carmit Candy Industries 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.

Carmit Candy Industries'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
=	( (77.957	+	65.595)	/	2 )	/	234.886	*	365
=	71.776					/	234.886	*	365
=	111.54

Carmit Candy Industries'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
=	( (77.868	+	65.595)	/	2 )	/	116.384	*	365 / 2
=	71.7315					/	116.384	*	365 / 2
=	112.48

Carmit Candy Industries (XTAE:CRMT) Days Sales Outstanding Explanation

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

Carmit Candy Industries Days Sales Outstanding Related Terms

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Carmit Candy Industries (XTAE:CRMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Carmit Candy Industries Ltd (XTAE:CRMT) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Hahagana Street, Rishon Lezion, ISR, 75706

Website

http://www.carmit.co.il

Carmit Candy Industries Ltd is a confectionery manufacturer. It produces confectionery products for private label brands. Its products include chocolate coins, marshmallows, Dairy-free chocolate, lollipops and toffees, and chocolate bars, among others. It caters to industrial and professional markets in Israel and produces chocolate, which serves as raw material for the chocolate, ice cream, dairy, confectionery, bakery and other industries.