Covestro AG (Covestro AG) Days Sales Outstanding

: 52.96 (As of Dec. 2023)

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Covestro AG's average Accounts Receivable for the three months ended in Dec. 2023 was $2,118 Mil. Covestro AG's Revenue for the three months ended in Dec. 2023 was $3,649 Mil. Hence, Covestro AG's Days Sales Outstanding for the three months ended in Dec. 2023 was 52.96.

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

COVTY' s Days Sales Outstanding Range Over the Past 10 Years
Min: 44.22 Med: 45.97 Max: 53.76
Current: 51.63

During the past 12 years, Covestro AG's highest Days Sales Outstanding was 53.76. The lowest was 44.22. And the median was 45.97.

COVTY's Days Sales Outstanding is ranked better than
64.79% of 1525 companies
in the Chemicals industry
Industry Median: 63.56 vs COVTY: 51.63

Covestro AG's Days Sales Outstanding increased from Dec. 2022 (50.56) to Dec. 2023 (52.96).

Covestro AG Days Sales Outstanding Historical Data

The historical data trend for Covestro AG'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.

Covestro AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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49.84

51.46

46.57

45.81

48.89

Covestro AG 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															50.56	50.39	51.57	53.02	52.96

Competitive Comparison

For the Specialty Chemicals subindustry, Covestro AG'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.

Covestro AG Days Sales Outstanding Distribution

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

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

Covestro AG 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.

Covestro AG'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
=	( (2130.297	+	2069.793)	/	2 )	/	15678.299	*	365
=	2100.045					/	15678.299	*	365
=	48.89

Covestro AG'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
=	( (2165.422	+	2069.793)	/	2 )	/	3648.855	*	365 / 4
=	2117.6075					/	3648.855	*	365 / 4
=	52.96

Covestro AG (OTCPK:COVTY) Days Sales Outstanding Explanation

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

Covestro AG Days Sales Outstanding Related Terms

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Covestro AG (Covestro AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Covestro AG (OTCPK:COVTY) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

CVVTF:USA 11COV:Italy 1COVd:UK 0RBE:UK 1COV:Germany 1COV:Austria

Address

Kaiser-Wilhelm-Allee 60, Leverkusen, NW, DEU, 51373

Website

https://www.covestro.com/en

Covestro, formerly Bayer Material Science, was spun off from the Bayer Group in 2015. The firm is a market leader in polyurethanes and polycarbonates, products that the company discovered in the mid-20th century. It also has a sizable speciality chemicals business that is focused on coatings and adhesives. Demand for Covestro's products is driven primarily by cyclical end markets, such as automotive, construction, and furniture.

Covestro AG (Covestro AG) Headlines

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