Syneos Health (FRA:8IN) Days Sales Outstanding : 59.48 (As of Jun. 2023)

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What is Syneos Health Days Sales Outstanding?

Syneos Health's average Accounts Receivable for the three months ended in Jun. 2023 was €822 Mil. Syneos Health's Revenue for the three months ended in Jun. 2023 was €1,261 Mil. Hence, Syneos Health's Days Sales Outstanding for the three months ended in Jun. 2023 was 59.48.

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

FRA:8IN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 36.55 Med: 56.15 Max: 67.66
Current: 60.46

During the past 12 years, Syneos Health's highest Days Sales Outstanding was 67.66. The lowest was 36.55. And the median was 56.15.

FRA:8IN's Days Sales Outstanding is not ranked
in the Medical Diagnostics & Research industry.
Industry Median: 69.32 vs FRA:8IN: 60.46

Syneos Health's Days Sales Outstanding declined from Jun. 2022 (59.89) to Jun. 2023 (59.48).

Syneos Health Days Sales Outstanding Historical Data

The historical data trend for Syneos Health'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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Syneos Health Days Sales Outstanding Chart

Syneos Health Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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56.54

58.69

67.66

55.76

58.12

Syneos Health Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Sales Outstanding	Get a 7-Day Free Trial															59.89	60.26	63.09	60.12	59.48

Competitive Comparison of Syneos Health's Days Sales Outstanding

For the Diagnostics & Research subindustry, Syneos Health'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.

Syneos Health's Days Sales Outstanding Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Syneos Health's Days Sales Outstanding distribution charts can be found below:

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

Syneos Health 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.

Syneos Health's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (772.84	+	848.504)	/	2 )	/	5091.069	*	365
=	810.672					/	5091.069	*	365
=	58.12

Syneos Health's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding (Q: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (821.219	+	822.623)	/	2 )	/	1260.892	*	365 / 4
=	821.921					/	1260.892	*	365 / 4
=	59.48

Syneos Health (FRA:8IN) Days Sales Outstanding Explanation

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

Syneos Health Days Sales Outstanding Related Terms

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Syneos Health (FRA:8IN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Syneos Health Inc (FRA:8IN) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

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Address

1030 Sync Street, Morrisville, NC, USA, 27560-5468

Website

https://www.syneoshealth.com

Syneos is a global contract research and outsourced commercialization organization that provides services to pharmaceutical and biotechnology firms. Its clinical solutions segment offers early- to late-stage clinical trial support that ranges from specialized staffing models to strategic partnerships that oversee nearly all aspects of a drug program, while the company's commercialization solutions includes outsourced sales, consulting, public relations, and advertising services.

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