L3Harris Technologies (LTS:0L3H) Days Sales Outstanding : 22.31 (As of Dec. 2023)

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What is L3Harris Technologies Days Sales Outstanding?

L3Harris Technologies's average Accounts Receivable for the three months ended in Dec. 2023 was $1,306 Mil. L3Harris Technologies's Revenue for the three months ended in Dec. 2023 was $5,340 Mil. Hence, L3Harris Technologies's Days Sales Outstanding for the three months ended in Dec. 2023 was 22.31.

The historical rank and industry rank for L3Harris Technologies's Days Sales Outstanding or its related term are showing as below:

LTS:0L3H' s Days Sales Outstanding Range Over the Past 10 Years
Min: 18.07 Med: 24.62 Max: 60.83
Current: 24.34

During the past 13 years, L3Harris Technologies's highest Days Sales Outstanding was 60.83. The lowest was 18.07. And the median was 24.62.

LTS:0L3H's Days Sales Outstanding is ranked better than
89.37% of 301 companies
in the Aerospace & Defense industry
Industry Median: 64.19 vs LTS:0L3H: 24.34

L3Harris Technologies's Days Sales Outstanding declined from Dec. 2022 (23.81) to Dec. 2023 (22.31).

L3Harris Technologies Days Sales Outstanding Historical Data

The historical data trend for L3Harris Technologies'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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L3Harris Technologies Days Sales Outstanding Chart

L3Harris Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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24.77

18.07

24.47

24.56

23.32

L3Harris Technologies 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															23.81	25.33	25.41	25.66	22.31

Competitive Comparison of L3Harris Technologies's Days Sales Outstanding

For the Aerospace & Defense subindustry, L3Harris Technologies'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.

L3Harris Technologies's Days Sales Outstanding Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, L3Harris Technologies's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where L3Harris Technologies's Days Sales Outstanding falls into.

L3Harris Technologies 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.

L3Harris Technologies'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
=	( (1251	+	1230)	/	2 )	/	19419	*	365
=	1240.5					/	19419	*	365
=	23.32

L3Harris Technologies'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
=	( (1381	+	1230)	/	2 )	/	5340	*	365 / 4
=	1305.5					/	5340	*	365 / 4
=	22.31

L3Harris Technologies (LTS:0L3H) Days Sales Outstanding Explanation

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

L3Harris Technologies Days Sales Outstanding Related Terms

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L3Harris Technologies (LTS:0L3H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » L3Harris Technologies Inc (LTS:0L3H) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

LHX:USA LHX:Mexico HRS:Germany L1HX34:Brazil

Address

1025 West NASA Boulevard, Melbourne, FL, USA, 32919

Website

https://www.l3harris.com

L3Harris Technologies provides products for the command, control, communications, computers, intelligence, surveillance, and reconnaissance, or C4ISR, market. The firm produces uncrewed aerial vehicles, sensors, and avionics, as well as provides military and commercial training services and maintains the U.S. Federal Aviation Administration's communications infrastructure. In July 2023, the company acquired Aerojet Rocketdyne, a key supplier of rocket motors to the space and defense industry.

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