Comms Group (ASX:CCG) Days Sales Outstanding : 51.94 (As of Dec. 2023)

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What is Comms Group Days Sales Outstanding?

Comms Group's average Accounts Receivable for the six months ended in Dec. 2023 was A$5.03 Mil. Comms Group's Revenue for the six months ended in Dec. 2023 was A$17.68 Mil. Hence, Comms Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 51.94.

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

ASX:CCG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 34.93 Med: 39.4 Max: 64.38
Current: 42.75

During the past 6 years, Comms Group's highest Days Sales Outstanding was 64.38. The lowest was 34.93. And the median was 39.40.

ASX:CCG's Days Sales Outstanding is ranked better than
73.42% of 2724 companies
in the Software industry
Industry Median: 61.82 vs ASX:CCG: 42.75

Comms Group's Days Sales Outstanding increased from Dec. 2022 (35.83) to Dec. 2023 (51.94).

Comms Group Days Sales Outstanding Historical Data

The historical data trend for Comms Group'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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Comms Group Days Sales Outstanding Chart

Comms Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Sales Outstanding

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34.93

38.19

43.71

40.61

37.27

Comms Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial								41.47	33.19	35.83	38.40	51.94

Competitive Comparison of Comms Group's Days Sales Outstanding

For the Information Technology Services subindustry, Comms Group'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.

Comms Group's Days Sales Outstanding Distribution in the Software Industry

For the Software industry and Technology sector, Comms Group's Days Sales Outstanding distribution charts can be found below:

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

Comms Group 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.

Comms Group's Days Sales Outstanding for the fiscal year that ended in Jun. 2023 is calculated as

	Days Sales Outstanding (A: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (4.953	+	5.649)	/	2 )	/	51.92	*	365
=	5.301					/	51.92	*	365
=	37.27

Comms Group'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: Jun. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (5.649	+	4.412)	/	2 )	/	17.675	*	365 / 2
=	5.0305					/	17.675	*	365 / 2
=	51.94

Comms Group (ASX:CCG) Days Sales Outstanding Explanation

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

Comms Group Days Sales Outstanding Related Terms

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Comms Group (ASX:CCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Comms Group Ltd (ASX:CCG) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

45 Clarence Street, Level 3, Sydney, NSW, AUS, 2000

Website

https://www.commsgroup.limited

Comms Group Ltd is an information and communication technology (ICT) business, providing a comprehensive vendor-agnostic ICT managed service. The company's segment includes Global; SME and ICT. It generates revenue from Voice; Data and Managed service. Geographically, It derives revenue from Australia. The company's product categories include Connect; Collaborate and Manage. The company generates the majority of its revenue from the SME segment.

Comms Group (ASX:CCG) Headlines

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