Cummins's average Accounts Receivable for the
three
months ended in Dec. 2023 was $5,623 Mil. Cummins's Revenue for the
three
months ended in Dec. 2023 was $8,543 Mil.
Hence, Cummins's Days Sales Outstanding for the
three
months ended in Dec. 2023 was 60.06.
The historical rank and industry rank for Cummins's Days Sales Outstanding or its related term are showing as below:
CMI'
s Days Sales Outstanding Range Over the Past 10 Years
Min: 53.12 Med: 57.23 Max: 62.89
Current: 60.31
During the past 13 years, Cummins's highest Days Sales Outstanding was 62.89. The lowest was 53.12. And the median was 57.23.
CMI's Days Sales Outstanding is ranked better than 70.22% of 2958
companies
in the Industrial Products industry
Industry Median: 79.055
vs CMI: 60.31
Cummins's Days Sales Outstanding
increased
from Dec. 2022 (56.68) to Dec. 2023 (60.06).
Cummins Days Sales Outstanding Historical Data
The historical data trend for Cummins'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.
Competitive Comparison of Cummins's Days Sales Outstanding
For the Specialty Industrial Machinery subindustry, Cummins'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.
Cummins's Days Sales Outstanding Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Cummins's Days Sales Outstanding distribution charts can be found below:
* The bar in red indicates where Cummins's Days Sales Outstanding falls into.
Cummins 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.
* 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.
Cummins (NYSE:CMI) Days Sales Outstanding Explanation
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Cummins Days Sales Outstanding Related Terms
Thank you for viewing the detailed overview of Cummins's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.
Cummins is the top manufacturer of diesel engines used in commercial trucks, off-highway equipment, and railroad locomotives, in addition to standby and prime power generators. The company also sells powertrain components, which include transmissions, turbochargers, aftertreatment systems, and fuel systems. Cummins is in the unique position of competing with its primary customers, heavy-duty truck manufacturers, who make and aggressively market their own engines. Despite robust competition across all its segments and increasing government regulation of carbon emissions, Cummins has maintained its leadership position in the industry.
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