Summit Materials (Summit Materials) Days Sales Outstanding : 38.76 (As of Dec. 2023)

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What is Summit Materials Days Sales Outstanding?

Summit Materials's average Accounts Receivable for the three months ended in Dec. 2023 was $280 Mil. Summit Materials's Revenue for the three months ended in Dec. 2023 was $660 Mil. Hence, Summit Materials's Days Sales Outstanding for the three months ended in Dec. 2023 was 38.76.

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

SUM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 28.25 Med: 33.65 Max: 37.47
Current: 37.47

During the past 13 years, Summit Materials's highest Days Sales Outstanding was 37.47. The lowest was 28.25. And the median was 33.65.

SUM's Days Sales Outstanding is ranked better than
70.79% of 380 companies
in the Building Materials industry
Industry Median: 55.495 vs SUM: 37.47

Summit Materials's Days Sales Outstanding declined from Dec. 2022 (44.44) to Dec. 2023 (38.76).

Summit Materials Days Sales Outstanding Historical Data

The historical data trend for Summit Materials'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.

Summit Materials Days Sales Outstanding Chart

Summit Materials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

Get a 7-Day Free Trial

31.38

32.88

34.42

35.60

32.68

Summit Materials 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															44.44	48.07	34.85	36.95	38.76

Competitive Comparison of Summit Materials's Days Sales Outstanding

For the Building Materials subindustry, Summit Materials'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.

Summit Materials's Days Sales Outstanding Distribution in the Building Materials Industry

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

* The bar in red indicates where Summit Materials's Days Sales Outstanding falls into.

Summit Materials 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.

Summit Materials'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
=	( (226.814	+	242.238)	/	2 )	/	2619.468	*	365
=	234.526					/	2619.468	*	365
=	32.68

Summit Materials'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
=	( (318.601	+	242.238)	/	2 )	/	660.133	*	365 / 4
=	280.4195					/	660.133	*	365 / 4
=	38.76

Summit Materials (NYSE:SUM) Days Sales Outstanding Explanation

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

Summit Materials Days Sales Outstanding Related Terms

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Summit Materials (Summit Materials) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Summit Materials Inc (NYSE:SUM) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

7SU:Germany 7SU:Germany

Address

1801 California Street, Suite 3500, Denver, CO, USA, 80202

Website

https://www.summit-materials.com

Summit Materials Inc is an aggregates supplier and cement producer in the United States. The company sells products that include aggregates, which it supplies across the United States, and in British Columbia, Canada, and cement, which it supplies to surrounding states along the Mississippi River from Minnesota to Louisiana. In addition to supplying aggregates to customers, the company uses a portion of its materials internally to produce ready-mix concrete and asphalt paving mix, which may be sold externally or used in its paving and related services businesses. The company operates in 22 U.S. states and in British Columbia, Canada and has assets in 21 U.S. states and in British Columbia, Canada through their platforms.

Executives

Craig Scott Anderson	officer: EVP & Chief Financial Officer	1801 CALIFORNIA STREET, SUITE 3500, DENVER CO 80202
Christopher Burke Gaskill	officer: See Remarks	C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR, DENVER CO 08202
Kekin Ghelani	officer: Chief Strategy&Growth Officer	1550 WYNKOOP, DENVER CO 80202
Anne K. Wade	director	C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR, DENVER CO 80202
John Raymond Murphy	director	233 S PATTERSON AVE, SPRINGFIELD MO 65802
Anne P Noonan	director, officer: President & CEO	25435 HARVARD RD, BEACHWOOD OH 44122
Tamla Oates-forney	director	800 CAPITOL STREET 3000, HOUSTON TX 77002
Deon Macmillan	officer: See Remarks	C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR, DENVER CO 08202
Karli S. Anderson	officer: See Remarks	1660 WYNKOOP STREET, SUITE 1000, DENVER CO 80202
Howard L Lance	director	C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR, DENVER CO 80202
Joseph S Cantie	director	C/O DELPHI AUTOMOTIVE, 5725 DELPHI DRIVE, TROY MI 48098
Anne Lee Benedict	officer: See Remarks	C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR, DENVER CO 80202
Brian James Harris	officer: EVP & Chief Financial Officer	C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR, DENVER CO 80202
Mikel Shane Evans	officer: See Remarks	C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR, DENVER CO 80202
Longleaf Partners Funds Trust	10 percent owner	C/O SOUTHEASTERN ASSET MANAGEMENT, 6410 POPLAR AVE, SUITE 900, MEMPHIS TN 38119