Grenke AG (WBO:GLJ) Days Sales Outstanding : 3.37 (As of Dec. 2023)

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What is Grenke AG Days Sales Outstanding?

Grenke AG's average Accounts Receivable for the three months ended in Dec. 2023 was €7.8 Mil. Grenke AG's Revenue for the three months ended in Dec. 2023 was €212.2 Mil. Hence, Grenke AG's Days Sales Outstanding for the three months ended in Dec. 2023 was 3.37.

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

WBO:GLJ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.77 Med: 3.82 Max: 4.82
Current: 3.89

During the past 13 years, Grenke AG's highest Days Sales Outstanding was 4.82. The lowest was 0.77. And the median was 3.82.

WBO:GLJ's Days Sales Outstanding is ranked better than
84.64% of 267 companies
in the Credit Services industry
Industry Median: 42.35 vs WBO:GLJ: 3.89

Grenke AG's Days Sales Outstanding increased from Dec. 2022 (3.00) to Dec. 2023 (3.37).

Grenke AG Days Sales Outstanding Historical Data

The historical data trend for Grenke 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.

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Grenke AG Days Sales Outstanding Chart

Grenke AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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4.15

3.91

3.73

3.74

3.65

Grenke 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															3.00	4.11	4.11	4.36	3.37

Competitive Comparison of Grenke AG's Days Sales Outstanding

For the Credit Services subindustry, Grenke 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.

Grenke AG's Days Sales Outstanding Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Grenke AG's Days Sales Outstanding distribution charts can be found below:

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

Grenke 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.

Grenke 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
=	( (6.531	+	7.214)	/	2 )	/	687.136	*	365
=	6.8725					/	687.136	*	365
=	3.65

Grenke 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
=	( (8.481	+	7.214)	/	2 )	/	212.206	*	365 / 4
=	7.8475					/	212.206	*	365 / 4
=	3.37

Grenke AG (WBO:GLJ) Days Sales Outstanding Explanation

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

Grenke AG Days Sales Outstanding Related Terms

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Grenke AG (WBO:GLJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Grenke AG (WBO:GLJ) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

0R97:UK GLJ:Germany

Address

Neuer Markt 2, Baden-Baden, DEU, 76532

Website

https://www.grenke.de

Grenke AG is a financial-services company that, under a franchise model, provides operational infrastructure, the licensing of the group's name to contracted parties, and other support services. The firm retains the right to acquire the franchisee based on a predetermined formula and time frame. Grenke's reporting segments include Leasing, Banking, and Factoring. The Leasing segment produces the most revenue. GRENKE Bank's actions compose the banking segment, primarily including acting as the financing partner for SMEs. The Factoring segment includes mainly small-ticket factoring services. The company operates primarily in Europe, with the most revenue coming from Ireland and Germany.

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