CIR SpA (MIL:CIR) Days Sales Outstanding : 44.27 (As of Dec. 2023)

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What is CIR SpA Days Sales Outstanding?

CIR SpA's average Accounts Receivable for the six months ended in Dec. 2023 was €281 Mil. CIR SpA's Revenue for the six months ended in Dec. 2023 was €1,157 Mil. Hence, CIR SpA's Days Sales Outstanding for the six months ended in Dec. 2023 was 44.27.

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

MIL:CIR' s Days Sales Outstanding Range Over the Past 10 Years
Min: 37.87 Med: 58.29 Max: 123.9
Current: 41.38

During the past 13 years, CIR SpA's highest Days Sales Outstanding was 123.90. The lowest was 37.87. And the median was 58.29.

MIL:CIR's Days Sales Outstanding is ranked better than
73.29% of 1269 companies
in the Vehicles & Parts industry
Industry Median: 60.76 vs MIL:CIR: 41.38

CIR SpA's Days Sales Outstanding increased from Dec. 2022 (41.41) to Dec. 2023 (44.27).

CIR SpA Days Sales Outstanding Historical Data

The historical data trend for CIR SpA'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.

* Premium members only.

CIR SpA Days Sales Outstanding Chart

CIR SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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62.16

45.85

38.38

37.87

38.56

CIR SpA 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															39.88	40.56	41.41	41.39	44.27

Competitive Comparison of CIR SpA's Days Sales Outstanding

For the Auto Parts subindustry, CIR SpA'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.

CIR SpA's Days Sales Outstanding Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, CIR SpA's Days Sales Outstanding distribution charts can be found below:

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

CIR SpA 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.

CIR SpA'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
=	( (248.147	+	254.658)	/	2 )	/	2379.836	*	365
=	251.4025					/	2379.836	*	365
=	38.56

CIR SpA'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
=	( (306.582	+	254.658)	/	2 )	/	1156.736	*	365 / 2
=	280.62					/	1156.736	*	365 / 2
=	44.27

CIR SpA (MIL:CIR) Days Sales Outstanding Explanation

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

CIR SpA Days Sales Outstanding Related Terms

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CIR SpA (MIL:CIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CIR SpA (MIL:CIR) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

BN7:Germany

Address

Via Ciovassino 1, Milan, ITA, 20121

Website

https://www.cirgroup.it

CIR SpA is a holding company engaged in the Automotive Components and Healthcare Sectors. It operates through two subsidiaries namely, the KOS group and the Sogefi group. Sogefi Group is engaged in providing automobile components that generate maximum revenue for the company. Its geographical operations are spread across Italy, Other European countries, North America, South America, and Asia.