Hexagon Composites ASA (LTS:0EOF) Days Sales Outstanding : 35.03 (As of Dec. 2023)

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What is Hexagon Composites ASA Days Sales Outstanding?

Hexagon Composites ASA's average Accounts Receivable for the three months ended in Dec. 2023 was kr551 Mil. Hexagon Composites ASA's Revenue for the three months ended in Dec. 2023 was kr1,435 Mil. Hence, Hexagon Composites ASA's Days Sales Outstanding for the three months ended in Dec. 2023 was 35.03.

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

LTS:0EOF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 31.48 Med: 43.21 Max: 74.31
Current: 48.38

During the past 13 years, Hexagon Composites ASA's highest Days Sales Outstanding was 74.31. The lowest was 31.48. And the median was 43.21.

LTS:0EOF's Days Sales Outstanding is ranked better than
78.72% of 376 companies
in the Packaging & Containers industry
Industry Median: 69.425 vs LTS:0EOF: 48.38

Hexagon Composites ASA's Days Sales Outstanding declined from Dec. 2022 (58.23) to Dec. 2023 (35.03).

Hexagon Composites ASA Days Sales Outstanding Historical Data

The historical data trend for Hexagon Composites ASA'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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Hexagon Composites ASA Days Sales Outstanding Chart

Hexagon Composites ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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31.48

52.83

68.71

74.31

49.95

Hexagon Composites ASA 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															58.23	64.76	51.78	43.14	35.03

Competitive Comparison of Hexagon Composites ASA's Days Sales Outstanding

For the Packaging & Containers subindustry, Hexagon Composites ASA'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.

Hexagon Composites ASA's Days Sales Outstanding Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Hexagon Composites ASA's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Hexagon Composites ASA's Days Sales Outstanding falls into.

Hexagon Composites ASA 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.

Hexagon Composites ASA'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
=	( (865.403	+	551.356)	/	2 )	/	5176.638	*	365
=	708.3795					/	5176.638	*	365
=	49.95

Hexagon Composites ASA'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
=	( (550.334	+	551.356)	/	2 )	/	1434.939	*	365 / 4
=	550.845					/	1434.939	*	365 / 4
=	35.03

Hexagon Composites ASA (LTS:0EOF) Days Sales Outstanding Explanation

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

Hexagon Composites ASA Days Sales Outstanding Related Terms

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Hexagon Composites ASA (LTS:0EOF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Hexagon Composites ASA (LTS:0EOF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

HXGCF:USA HEXO:Sweden HEX:Norway 2HX:Germany

Address

Korsegata 4B, P.O. Box 836, Sentrum, Aalesund, NOR, 6002

Website

https://www.hexagongroup.com

Hexagon Composites ASA is a supplier of clean energy technology for gas storage, distribution, fuel systems, and drivetrains. Its operating segments are Hexagon Agility & CNG LDV, Hexagon Purus, Hexagon Digital Wave, and Hexagon Ragasco LPG. Hexagon Agility & CNG LDV segment offers natural gas fuel systems and delivery solutions for the mobility market. Hexagon Purus is a provider of technology needed for zero-emission mobility. The Hexagon Digital Wave segment offers cylinder testing and monitoring technology. Hexagon Ragasco LPG segment is a manufacturer of composite LPG cylinders. It operates through Europe, North America, South-East Asia, the Middle East, and Norway geographic regions.

Hexagon Composites ASA (LTS:0EOF) Headlines

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