Synthomer (LSE:SYNT) Days Sales Outstanding : 41.80 (As of Dec. 2023)

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What is Synthomer Days Sales Outstanding?

Synthomer's average Accounts Receivable for the six months ended in Dec. 2023 was £205 Mil. Synthomer's Revenue for the six months ended in Dec. 2023 was £896 Mil. Hence, Synthomer's Days Sales Outstanding for the six months ended in Dec. 2023 was 41.80.

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

LSE:SYNT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 32.31 Med: 44.6 Max: 50.33
Current: 37.76

During the past 13 years, Synthomer's highest Days Sales Outstanding was 50.33. The lowest was 32.31. And the median was 44.60.

LSE:SYNT's Days Sales Outstanding is ranked better than
80.87% of 1526 companies
in the Chemicals industry
Industry Median: 64.05 vs LSE:SYNT: 37.76

Synthomer's Days Sales Outstanding declined from Dec. 2022 (61.93) to Dec. 2023 (41.80).

Synthomer Days Sales Outstanding Historical Data

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

Synthomer Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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44.89

43.51

42.93

37.28

32.31

Synthomer 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															66.88	61.15	61.93	39.38	41.80

Competitive Comparison of Synthomer's Days Sales Outstanding

For the Specialty Chemicals subindustry, Synthomer'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.

Synthomer's Days Sales Outstanding Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Synthomer's Days Sales Outstanding distribution charts can be found below:

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

Synthomer 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.

Synthomer'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
=	( (201.3	+	147.6)	/	2 )	/	1970.9	*	365
=	174.45					/	1970.9	*	365
=	32.31

Synthomer'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
=	( (262.7	+	147.6)	/	2 )	/	895.6	*	365 / 2
=	205.15					/	895.6	*	365 / 2
=	41.80

Synthomer (LSE:SYNT) Days Sales Outstanding Explanation

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

Synthomer Days Sales Outstanding Related Terms

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Synthomer (LSE:SYNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Synthomer PLC (LSE:SYNT) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

SYYYF:USA SYNTl:UK 7YC2:Germany

Address

45 Pall Mall, London, GBR, SW1Y 5JG

Website

https://www.synthomer.com

Synthomer PLC is a specialty chemicals company. It supplies a variety of chemicals including latex and adhesives, which are used in a wide range of markets such as construction, coatings, textiles, paper, and healthcare. The company's products include styrene-butadiene rubber, which is used to make coated paper, packaging, bindings for carpet, foam mattresses, pillows and shoes; and nitrile butadiene latex used to make medical gloves and catheters, among others. The company organizes itself into five segments: performance elastomers, functional solutions, industrial specialties, adhesive Technologies and acrylate monomers. A vast majority of the company's revenue is generated by the performance elastomers and functional solutions segments combined.