Conmed's average Accounts Receivable for the
three
months ended in Dec. 2023 was $236 Mil. Conmed's Revenue for the
three
months ended in Dec. 2023 was $327 Mil.
Hence, Conmed's Days Sales Outstanding for the
three
months ended in Dec. 2023 was 65.91.
The historical rank and industry rank for Conmed's Days Sales Outstanding or its related term are showing as below:
CNMD'
s Days Sales Outstanding Range Over the Past 10 Years
Min: 63.58 Med: 67.11 Max: 77.5
Current: 64.88
During the past 13 years, Conmed's highest Days Sales Outstanding was 77.50. The lowest was 63.58. And the median was 67.11.
CNMD's Days Sales Outstanding is ranked worse than 50.93% of 807
companies
in the Medical Devices & Instruments industry
Industry Median: 63.94
vs CNMD: 64.88
Conmed's Days Sales Outstanding
declined
from Dec. 2022 (70.68) to Dec. 2023 (65.91).
Conmed Days Sales Outstanding Historical Data
The historical data trend for Conmed'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 Conmed's Days Sales Outstanding
For the Medical Devices subindustry, Conmed'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.
Conmed's Days Sales Outstanding Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Conmed's Days Sales Outstanding distribution charts can be found below:
* The bar in red indicates where Conmed's Days Sales Outstanding falls into.
Conmed 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.
Conmed (NYSE:CNMD) Days Sales Outstanding Explanation
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Conmed Days Sales Outstanding Related Terms
Thank you for viewing the detailed overview of Conmed's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.
Conmed Corp is a Utica, New York-based medical equipment company that focuses on sports medicine procedures and general surgery. The firm currently reports through two reporting units, orthopedic surgery, and general surgery. From a geographic perspective, the firm is U.S.-centric, with maximum domestic sales accounting for revenue, EMEA accounting for second place, APAC at third, and the non-U.S. Americas region driving the remaining revenue.
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