Innovate's average Accounts Receivable for the
three
months ended in Dec. 2023 was $2 Mil. Innovate's Revenue for the
three
months ended in Dec. 2023 was $361 Mil.
Hence, Innovate's Days Sales Outstanding for the
three
months ended in Dec. 2023 was 0.57.
The historical rank and industry rank for Innovate's Days Sales Outstanding or its related term are showing as below:
VATE'
s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.88 Med: 12.11 Max: 24.6
Current: 0.88
During the past 13 years, Innovate's highest Days Sales Outstanding was 24.60. The lowest was 0.88. And the median was 12.11.
VATE's Days Sales Outstanding is ranked better than 99.7% of 1644
companies
in the Construction industry
Industry Median: 72.45
vs VATE: 0.88
Innovate's Days Sales Outstanding
declined
from Dec. 2022 (1.53) to Dec. 2023 (0.57).
Innovate Days Sales Outstanding Historical Data
The historical data trend for Innovate'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.
Competitive Comparison of Innovate's Days Sales Outstanding
For the Engineering & Construction subindustry, Innovate'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.
Innovate's Days Sales Outstanding Distribution in the Construction Industry
For the Construction industry and Industrials sector, Innovate's Days Sales Outstanding distribution charts can be found below:
* The bar in red indicates where Innovate's Days Sales Outstanding falls into.
Innovate 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.
* 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.
Innovate (NYSE:VATE) Days Sales Outstanding Explanation
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Innovate Days Sales Outstanding Related Terms
Thank you for viewing the detailed overview of Innovate's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.
Innovate Corp is a diversified holding company that has a portfolio of subsidiaries in a variety of operating segments which are; The infrastructure segment is comprised of DBM Global Inc, a fully integrated industrial construction, structural steel, and facility maintenance provider that provides fabrication and erection of structural steel and heavy steel plate services, The Life Sciences segment is comprised of Pansend Life Sciences which seeks to develop products to treat early osteoarthritis of the knee and aesthetic and medical technologies for the skin, and Spectrum segment is comprised of HC2 Broadcasting Holdings Inc which operates over-the-air broadcasting stations across the United States.
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