Horiba (TSE:6856) Days Sales Outstanding

: 69.07 (As of Dec. 2023)

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Horiba's average Accounts Receivable for the three months ended in Dec. 2023 was 円68,035 Mil. Horiba's Revenue for the three months ended in Dec. 2023 was 円89,879 Mil. Hence, Horiba's Days Sales Outstanding for the three months ended in Dec. 2023 was 69.07.

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

TSE:6856' s Days Sales Outstanding Range Over the Past 10 Years
Min: 84.19 Med: 106.83 Max: 118.82
Current: 84.19

During the past 13 years, Horiba's highest Days Sales Outstanding was 118.82. The lowest was 84.19. And the median was 106.83.

TSE:6856's Days Sales Outstanding is ranked worse than
58.29% of 2455 companies
in the Hardware industry
Industry Median: 75.24 vs TSE:6856: 84.19

Horiba's Days Sales Outstanding declined from Dec. 2022 (70.29) to Dec. 2023 (69.07).

Horiba Days Sales Outstanding Historical Data

The historical data trend for Horiba'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.

Horiba Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

107.76

107.30

90.11

87.62

88.79

Horiba 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																70.29	93.64	90.34	84.19	69.07

Competitive Comparison

For the Scientific & Technical Instruments subindustry, Horiba'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.

Horiba Days Sales Outstanding Distribution

For the Hardware industry and Technology sector, Horiba's Days Sales Outstanding distribution charts can be found below:

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

Horiba 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.

Horiba'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
=	( (69818	+	71541)	/	2 )	/	290558	*	365
=	70679.5					/	290558	*	365
=	88.79

Horiba'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
=	( (64528	+	71541)	/	2 )	/	89879	*	365 / 4
=	68034.5					/	89879	*	365 / 4
=	69.07

Horiba (TSE:6856) Days Sales Outstanding Explanation

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

Horiba Days Sales Outstanding Related Terms

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Horiba (TSE:6856) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Horiba Ltd (TSE:6856) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

HRIBF:USA 01H:Germany

Address

2, Miyanohigashi-cho, Kisshoin, Minami-ku, Kyoto, JPN, 601-8510

Website

http://www.horiba.co.jp

Horiba Ltd provides analytical and measurement equipment. The automotive test systems segment contributes the largest percentage of revenue and supplies engine, driveline, brake, wind tunnel balance, and emissions test systems. The scientific segment sells instruments like pH meters, X-ray microscopes, and spectrometers. The semiconductor segment supplies mass flow controllers that are used in the semiconductor manufacturing process. The medical-diagnostic segment sells blood testing instruments and reagents for the in vitro diagnostics market. The process and environmental segment provides solutions associated with environmental regulations, such as air-pollution and water-quality analyzers. Horiba generates the largest proportion of its sales in Japan.

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