Gildan Activewear (Gildan Activewear) Days Sales Outstanding : 50.24 (As of Dec. 2023)

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What is Gildan Activewear Days Sales Outstanding?

Gildan Activewear's average Accounts Receivable for the three months ended in Dec. 2023 was $431 Mil. Gildan Activewear's Revenue for the three months ended in Dec. 2023 was $783 Mil. Hence, Gildan Activewear's Days Sales Outstanding for the three months ended in Dec. 2023 was 50.24.

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

GIL' s Days Sales Outstanding Range Over the Past 10 Years
Min: 31.52 Med: 39.8 Max: 54.28
Current: 46.51

During the past 13 years, Gildan Activewear's highest Days Sales Outstanding was 54.28. The lowest was 31.52. And the median was 39.80.

GIL's Days Sales Outstanding is ranked better than
58.08% of 1033 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.83 vs GIL: 46.51

Gildan Activewear's Days Sales Outstanding increased from Dec. 2022 (43.11) to Dec. 2023 (50.24).

Gildan Activewear Days Sales Outstanding Historical Data

The historical data trend for Gildan Activewear'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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Gildan Activewear Days Sales Outstanding Chart

Gildan Activewear Annual Data

Trend

Sep14

Sep15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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41.24

47.66

32.87

32.59

37.76

Gildan Activewear Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															43.11	42.06	50.18	51.12	50.24

Competitive Comparison of Gildan Activewear's Days Sales Outstanding

For the Apparel Manufacturing subindustry, Gildan Activewear'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.

Gildan Activewear's Days Sales Outstanding Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Gildan Activewear's Days Sales Outstanding distribution charts can be found below:

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

Gildan Activewear 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.

Gildan Activewear's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (248.785	+	412.498)	/	2 )	/	3195.911	*	365
=	330.6415					/	3195.911	*	365
=	37.76

Gildan Activewear'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: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (449.377	+	412.498)	/	2 )	/	782.709	*	365 / 4
=	430.9375					/	782.709	*	365 / 4
=	50.24

Gildan Activewear (NYSE:GIL) Days Sales Outstanding Explanation

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

Gildan Activewear Days Sales Outstanding Related Terms

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Gildan Activewear (Gildan Activewear) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gildan Activewear Inc (NYSE:GIL) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

VGA:Germany GIL:Canada

Address

600 de Maisonneuve Boulevard West, 33rd Floor, Suite 330, Montreal, QC, CAN, H3A 3J2

Website

http://www.gildan.com

Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts, sweatshirts, and other apparel to wholesalers, major clothing brands, and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels. Brands include Gildan, American Apparel, Comfort Colors, and Gold Toe. Gildan produces most of its clothing at factories in Latin America and recently began operating a new plant in Bangladesh. Incorporated in 1984, the Montreal-based company operates internationally but generates nearly 90% of its sales in the U.S.