Cochlear (Cochlear) Days Sales Outstanding : 69.38 (As of Dec. 2023)

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What is Cochlear Days Sales Outstanding?

Cochlear's average Accounts Receivable for the six months ended in Dec. 2023 was $280 Mil. Cochlear's Revenue for the six months ended in Dec. 2023 was $735 Mil. Hence, Cochlear's Days Sales Outstanding for the six months ended in Dec. 2023 was 69.38.

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

CHEOF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 60.61 Med: 80.1 Max: 88.17
Current: 69.35

During the past 13 years, Cochlear's highest Days Sales Outstanding was 88.17. The lowest was 60.61. And the median was 80.10.

CHEOF's Days Sales Outstanding is ranked worse than
56.75% of 807 companies
in the Medical Devices & Instruments industry
Industry Median: 63.94 vs CHEOF: 69.35

Cochlear's Days Sales Outstanding declined from Dec. 2022 (75.23) to Dec. 2023 (69.38).

Cochlear Days Sales Outstanding Historical Data

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

Cochlear Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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82.76

76.10

57.82

67.60

68.73

Cochlear 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															66.47	71.53	75.23	67.85	69.38

Competitive Comparison of Cochlear's Days Sales Outstanding

For the Medical Devices subindustry, Cochlear'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.

Cochlear's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Cochlear's Days Sales Outstanding distribution charts can be found below:

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

Cochlear 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.

Cochlear'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
=	( (228.672	+	260.671)	/	2 )	/	1299.396	*	365
=	244.6715					/	1299.396	*	365
=	68.73

Cochlear'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
=	( (260.671	+	298.394)	/	2 )	/	735.274	*	365 / 2
=	279.5325					/	735.274	*	365 / 2
=	69.38

Cochlear (OTCPK:CHEOF) Days Sales Outstanding Explanation

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

Cochlear Days Sales Outstanding Related Terms

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Cochlear (Cochlear) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Cochlear Ltd (OTCPK:CHEOF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

CHEOY:USA OC5:Germany COH:Australia

Address

1 University Avenue, Macquarie University, Sydney, NSW, AUS, 2109

Website

https://www.cochlear.com

Cochlear is the leading cochlear implant device manufacturer with around 60% global market share. Developed markets contribute 80% of group revenue where cochlear implants are the standard of care for children with severe to profound hearing loss. The company also actively targets the growing cohort of seniors in developed markets. Tender-oriented emerging markets contribute the remaining 20% of group revenue. Main products include cochlear implants, bone-anchored hearing aids, and associated sound processors. In fiscal 2020, 49% of revenue came from the Americas, 35% from Europe, the Middle East, and Africa, and 16% from the Asia-Pacific segment.