Nine Entertainment Co. Holdings (ASX:NEC) Days Sales Outstanding : 51.30 (As of Dec. 2023)

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What is Nine Entertainment Co. Holdings Days Sales Outstanding?

Nine Entertainment Co. Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was A$385 Mil. Nine Entertainment Co. Holdings's Revenue for the six months ended in Dec. 2023 was A$1,371 Mil. Hence, Nine Entertainment Co. Holdings's Days Sales Outstanding for the six months ended in Dec. 2023 was 51.30.

The historical rank and industry rank for Nine Entertainment Co. Holdings's Days Sales Outstanding or its related term are showing as below:

ASX:NEC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 47.61 Med: 66.7 Max: 77.31
Current: 55.81

During the past 10 years, Nine Entertainment Co. Holdings's highest Days Sales Outstanding was 77.31. The lowest was 47.61. And the median was 66.70.

ASX:NEC's Days Sales Outstanding is ranked better than
61.74% of 1022 companies
in the Media - Diversified industry
Industry Median: 69.425 vs ASX:NEC: 55.81

Nine Entertainment Co. Holdings's Days Sales Outstanding declined from Dec. 2022 (54.50) to Dec. 2023 (51.30).

Nine Entertainment Co. Holdings Days Sales Outstanding Historical Data

The historical data trend for Nine Entertainment Co. Holdings'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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Nine Entertainment Co. Holdings Days Sales Outstanding Chart

Nine Entertainment Co. Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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64.19

53.45

47.61

50.54

53.94

Nine Entertainment Co. Holdings 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															49.55	50.79	54.50	60.72	51.30

Competitive Comparison of Nine Entertainment Co. Holdings's Days Sales Outstanding

For the Entertainment subindustry, Nine Entertainment Co. Holdings'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.

Nine Entertainment Co. Holdings's Days Sales Outstanding Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Nine Entertainment Co. Holdings's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Nine Entertainment Co. Holdings's Days Sales Outstanding falls into.

Nine Entertainment Co. Holdings 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.

Nine Entertainment Co. Holdings'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
=	( (387.731	+	408.737)	/	2 )	/	2694.602	*	365
=	398.234					/	2694.602	*	365
=	53.94

Nine Entertainment Co. Holdings'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
=	( (408.737	+	362.207)	/	2 )	/	1371.33	*	365 / 2
=	385.472					/	1371.33	*	365 / 2
=	51.30

Nine Entertainment Co. Holdings (ASX:NEC) Days Sales Outstanding Explanation

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

Nine Entertainment Co. Holdings Days Sales Outstanding Related Terms

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Nine Entertainment Co. Holdings (ASX:NEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Nine Entertainment Co. Holdings Ltd (ASX:NEC) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

NEE:Germany

Address

1 Denison Street, Level 9, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.nineforbrands.com.au

Nine Entertainment operates Nine Network, a free-to-air TV network across five capital cities, as well as in regional Northern New South Wales and Darwin. It also owns 9Now, a leading broadcast video on demand operation in Australia. The merger with Fairfax combines Nine's top-ranked TV network and the second-largest newspaper group, topped with a collection of quality digital assets in Nine Digital, subscription video on demand operator Stan, and Fairfax's 60%-owned Domain. It ensures the merged entity remains prominent in the eyes of audiences and advertisers.

Nine Entertainment Co. Holdings (ASX:NEC) Headlines

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