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Cash Converters International (ASX:CCV) Days Sales Outstanding : 93.32 (As of Dec. 2023)


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What is Cash Converters International Days Sales Outstanding?

Cash Converters International's average Accounts Receivable for the six months ended in Dec. 2023 was A$96.2 Mil. Cash Converters International's Revenue for the six months ended in Dec. 2023 was A$188.1 Mil. Hence, Cash Converters International's Days Sales Outstanding for the six months ended in Dec. 2023 was 93.32.

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

ASX:CCV' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.74   Med: 2.88   Max: 292.85
Current: 76.33

During the past 13 years, Cash Converters International's highest Days Sales Outstanding was 292.85. The lowest was 1.74. And the median was 2.88.

ASX:CCV's Days Sales Outstanding is ranked worse than
86.67% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 17.72 vs ASX:CCV: 76.33

Cash Converters International's Days Sales Outstanding increased from Dec. 2022 (3.61) to Dec. 2023 (93.32).

Cash Converters International Days Sales Outstanding Historical Data

The historical data trend for Cash Converters International'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.

* Premium members only.

Cash Converters International Days Sales Outstanding Chart

Cash Converters International Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.74 1.99 3.47 2.28 1.80

Cash Converters International 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.35 5.88 3.61 3.89 93.32

Competitive Comparison of Cash Converters International's Days Sales Outstanding

For the Specialty Retail subindustry, Cash Converters International'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.

Cash Converters International's Days Sales Outstanding Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Cash Converters International's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Cash Converters International's Days Sales Outstanding falls into.


Cash Converters International 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.

Cash Converters International'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
=( (1.333 + 1.245) / 2 ) / 262.016*365
=1.289 / 262.016*365
=1.80

Cash Converters International'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
=( (1.245 + 191.142) / 2 ) / 188.122*365 / 2
=96.1935 / 188.122*365 / 2
=93.32

* 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.

Cash Converters International  (ASX:CCV) Days Sales Outstanding Explanation

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

Cash Converters International Days Sales Outstanding Related Terms

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Cash Converters International (ASX:CCV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Cash Converters International Ltd (ASX:CCV) » Definitions » Days Sales Outstanding
Comparable Companies
ASX:SSG ASX:JYC ASX:SHM ASX:DSK ASX:BKG ASX:BBN ASX:ADH ASX:BLX ORLY TSX:ATD AZO TSCO ULTA SHSE:601888 GPC WSM DKS BBY ADX:ADNOCDIST CASY
Traded in Other Exchanges
N/A
Address
141 St Georges Terrace, Level 11, Perth, WA, AUS, 6000
Website
https://www.cashconverters.com
Cash Converters International Ltd is a franchised retail network that specializes in the sale of second-hand goods. It operates through three business segments. Store Operations segment, which is the key revenue driver, involves the retail sale of new and second-hand goods, cash advance, and pawnbroking operations. Personal Finance segment comprises the Cash Converters Personal Finance personal loans business. The vehicle Financing segment comprises Green Light Auto Group, which provides motor vehicle finance. It operates in two geographical areas Australia and the United Kingdom. The company generates the majority of its revenue from the Personal finance segment.