Gritee (XKRX:204020) Days Sales Outstanding : 19.07 (As of Dec. 2023)

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What is Gritee Days Sales Outstanding?

Gritee's average Accounts Receivable for the three months ended in Dec. 2023 was ₩6,831 Mil. Gritee's Revenue for the three months ended in Dec. 2023 was ₩32,693 Mil. Hence, Gritee's Days Sales Outstanding for the three months ended in Dec. 2023 was 19.07.

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

XKRX:204020' s Days Sales Outstanding Range Over the Past 10 Years
Min: 12.34 Med: 23.66 Max: 28.98
Current: 18.83

During the past 10 years, Gritee's highest Days Sales Outstanding was 28.98. The lowest was 12.34. And the median was 23.66.

XKRX:204020's Days Sales Outstanding is ranked worse than
52.32% of 1078 companies
in the Retail - Cyclical industry
Industry Median: 17.675 vs XKRX:204020: 18.83

Gritee's Days Sales Outstanding declined from Dec. 2022 (21.24) to Dec. 2023 (19.07).

Gritee Days Sales Outstanding Historical Data

The historical data trend for Gritee'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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Gritee Days Sales Outstanding Chart

Gritee Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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23.25

28.48

27.67

15.52

12.34

Gritee 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															21.24	20.32	21.90	19.86	19.07

Competitive Comparison of Gritee's Days Sales Outstanding

For the Apparel Retail subindustry, Gritee'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.

Gritee's Days Sales Outstanding Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Gritee's Days Sales Outstanding distribution charts can be found below:

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

Gritee 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.

Gritee'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
=	( (5486.073	+	6423.7)	/	2 )	/	176102.433	*	365
=	5954.8865					/	176102.433	*	365
=	12.34

Gritee'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
=	( (7238.935	+	6423.7)	/	2 )	/	32693.405	*	365 / 4
=	6831.3175					/	32693.405	*	365 / 4
=	19.07

Gritee (XKRX:204020) Days Sales Outstanding Explanation

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

Gritee Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Gritee's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.

Gritee (XKRX:204020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Gritee Inc (XKRX:204020) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Eonju-ro 151-gil, Sinsa-dong, Gangnam-gu, Seoul, KOR, 135-895

Website

http://www.gritees.com

Gritee Inc, formerly M Corset Inc is engaged in retail sale of innerwears. The company sells innerwears under the brands wonderbra, himico, playfex, crocodile innerwear, and maidenform.

Gritee (XKRX:204020) Headlines

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